Bitgert Coin has the potential to rise as one of the top cryptocurrencies after the upcoming halving of Bitcoin. It features high-speed infrastructure on the blockchain that comes with the promise of being faster than other competitors; added to that are the low transaction fees and enhanced scalability. This can surely position Bitgert right in the center of the action.
Decoding Bitcoin Halving Phenomenon
Bitcoin halving is a programmed event in the Bitcoin network that halves the reward for mining new blocks almost every four years or after 210,000 blocks are mined. It’s part of the monetary policy for Bitcoin, supposedly to control inflation and extend the distribution of new bitcoins over time.
The initial output for mining a block of Bitcoin was 50 Bitcoins. After the first halving in 2012, it was reduced to 25 bitcoins, and occasionally, it has been doing so since then. As of the last having, it stands at 6.25 bitcoins per block. The halving is material in that it directly impacts the rate at which new bitcoins are generated and injected into circulation. Through a reduction to half of the issuance of new coins, bitcoin can resemble a model of precious metals like gold, which is deflationary.
This scarcity would, therefore, help raise the price of Bitcoin in cases where the demand for such cryptocurrency remains high. Halving essentially ensures that Bitcoin does not suffer high inflation and secures its position in the list of valuable assets. On the other hand, it attracts the miners to keep securing the network since mining is getting harder and potentially more profitable as Bitcoin’s price increases.
About Bitgert
Bitgert (BRISE), 2021-launched, is a cryptocurrency project that focuses on its blockchain products and a centralized exchange. Bitgert originally ran on the BNB chain and later developed its BRC20 blockchain. Known for high-speed transactions and near-zero gas fees, Bitgert’s system lowers operational costs to $ 0.0000000000001 per transaction and is capable of transacting up to 100,000 times every second. The Bitgert ecosystem involves products such as Bitgert Chain, Bitgert Exchange, and BRISE Swap.
Bitgert is built on DeFi protocols and comes with a multicurrency dApp wallet, staking rewards in BUSD, and many more features. Its native token, BRISE, is critically important in transacting on its platform. Bitgert’s set with an auto repurchase mechanism whereby 5% of the transaction fees fund the repurchase and burn of the tokens, hence increasing the scarcity value of the token.
The current supply of Bitgert is nearly 396 trillion tokens, with a maximum cap of 1 quadrillion. The network’s security is ensured with proof-of-staked authority by auditing smart contracts extensively.
Impact of Halving Phenomenon on Bitgert’s Growth
Mechanisms such as Bitcoin’s halving are expected to further enhance Bitgert’s performance and appeal, where the mechanism, just like Bitcoin’s halving, reduces the token supply, increasing its scarcity and mirroring its effects on the said phenomena.
