Bitcoin Halving Record: History’s Priciest Blockchain Transaction
The Bitcoin halving event of 2024 has established a ‘Bitcoin halving record’ by becoming the costliest blockchainThink of blockchain as a digital ledger that records transactions in a transparent, tamper-proof way. It's a chain of transaction blocks linked chronologically. More transaction ever recorded. This remarkable event brought an unexpected rush amongst Bitcoin enthusiasts to register rare assets through the newly introduced Runes Protocol. A staggering 37.7 Bitcoins, which is more than $2.4 million as per the existing rates, were spent in transaction fees by users in their attempt to secure a portion of the limited space on this record-setting Bitcoin halving block. The 840,000th block was successfully mined by ViaBTC, a Bitcoin miner, at exactly 12:09 m UTC on April 20, which triggered the automated protocol that cut down the mining rewards by half, from 6.25 BTC to 3.125 BTC per block. This Bitcoin Halving record block quickly turned into the most sought-after digital real estate in the history of Bitcoin, with users shelling out a total of 37.67 BTC solely on transaction fees.
Not financial advice. Always be safe and secure when dealing with cryptocurrency. Never send anyone your private key. Always Do Your Own Research..DYOR..DYOR..DYOR!
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