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It should not be construed expressed as a percentage and calculated by dividing the transaction fees by the block reward.
It should not be construed expressed as a percentage and calculated by dividing the transaction fees by the block reward.
If Bitcoin fails to meet its intended potential or is surpassed by a superior cryptocurrency, it will most likely be used in niche use cases and the value will largely be dictated by the value provided to the end user in those transactions. Disclaimer: we are now entering the realm of science fiction. One of the most important components of the Bitcoin network is the fact that nodes must come to a unanimous consensus in order to validate information. The repository that stores Bitcoin is a piece of software known as a wallet. This is helpful to understand what the current inflation rate of Bitcoin is, what the future inflation rate will be at a specific point in time, how many Bitcoins are in circulation and how many remain left to be mined.
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