Welcome to Hard Fork Basics, a collection of tips, tricks, guides, and advice to keep you up to date in the cryptocurrency and blockchain world. Something major is happening to Bitcoin in 480 days – the Halvening. Bitcoin is created when the blockchain rewards the individual (or group) for validating transactions. The network gives Bitcoin to miners for adding blocks to its chain. This is reimbursement for the costs associated with maintaining the network, like electricity and hardware upkeep. Miners typically sell it immediately to cover their overheads, thus releasing new Bitcoin into the ecosystem. The Halvening is when the network reduces the reward by 50…
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