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How does the concept of “halving” impact Bitcoin’s economic model?

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

How

does the concept of “halving” impact Bitcoin’s economic model?

It

reduces the mining reward, decreasing the supply rate and potentially

increasing scarcity

100%

It

allows central banks to control Bitcoin

’s supply

0%

It

eliminates the need for miners in the blockchain network

0%

It

increases transaction fees for Bitcoin users

0%

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