Bitgert coin is buzzing in the market as the next big cryptocurrency runner-up after Bitcoin halved. Their new blockchain technology offers transaction speed never seen before. This property draws the attention of the investors both for its low fees and scalability. This can, therefore, mean a significant change in crypto dynamics.
Understanding Bitcoin Halving
Bitcoin halving is a built-in feature of the Bitcoin network that happens roughly every four years, specifically after every 210,000 blocks are mined. This mechanism automatically reduces the reward that miners receive for verifying transactions and adding new blocks to the blockchain by half. For example, when Bitcoin first started, miners received 50 bitcoins for each block they mined. After the first halving, this reward dropped to 25 bitcoins, and it has halved subsequently every four years.
The purpose of halving is twofold: it controls the rate at which new bitcoins are generated and, thus, its supply, making Bitcoin a deflationary asset unlike fiat currencies that can be printed endlessly. This scarcity is akin to precious metals like gold, which are limited by nature.
Technically, halving helps maintain the security of the Bitcoin network. By rewarding miners, it incentivizes them to continue using their computational power to validate transactions and maintain the network’s integrity. Over time, as the rewards decrease, transaction fees paid by users will become a more significant part of miners’ income, ensuring they have the motivation to keep the network secure as new Bitcoin issuance decreases.
All about Bitgert’s Ecosystem
Bitgert (BRISE) is a cryptocurrency launched in July 2021, aiming at blockchain products and centralized exchanges. Bitgert first ran over the BNB Chain, which grew to its own BRC20 blockchain, best known for high-speed transactions and near-zero gas fees. Bitgert’s operational cost was thereby reduced to $0.0000000000001 per transaction, which gives it the capability to process up to 100,000 transactions per second (TPS). Bitgert’s ecosystem introduces a variety of innovations, such as Bitgert Chain, Bitgert Exchange, BRISE SWAP, and decentralized utility-driven solutions.
Bitgert is built on a DeFi protocol and comes with many features like a multi-currency dApp wallet and staking rewards in BUSD. Its native token, BRISE, is intrinsic to the transactions within its platform, and it has an inherent buyback mechanism: 5% of the fee transactions fund the repurchase of the Bitgert token burns, thus improving their scarcity and added value.
Today, Bitgert has a near-circulation supply of 396 trillion tokens with a total cap of 1 quadrillion. Network security is kept under a proof-of-staked authority consensus mechanism and massive audits for competent contract evaluations. It’s worth noting that Bitgert’s performance and appeal were enhanced through mechanisms similar to Bitcoin halving, where its built-in buyback and burn reduce token supply, increasing its scarcity and potentially driving up prices in mirror effects seen in halving phenomena.
Conclusion
Bitgert and Bitgert-like coins are hence going to gain due to the halving. If you, as an investor, are looking to hold on to some BRISE, do ensure that you periodically check Bitgert’s market performance, vet the underlying community, and have an idea of your personal risk appetite.