Bitcoin has a specific block reward schedule which was set when it was created. It is one of Bitcoin’s central rules and cannot be changed without agreement between the entire Bitcoin network. The block reward started at 50 BTC in block #1 and halves every X blocks. What is the value of X?
120,000 blocks (roughly every 2 years)
0%
360,000 blocks (roughly every 5 years)
0%
210,000 blocks (roughly every 4 years)
0%
144,000 blocks (roughly every 3 years)
0%

Question

Bitcoin has a specific block reward schedule which was set when it was created. It is one of Bitcoin’s central rules and cannot be changed without agreement between the entire Bitcoin network. The block reward started at 50 BTC in block #1 and halves every X blocks. What is the value of X?

120,000 blocks (roughly every 2 years)

0%

360,000 blocks (roughly every 5 years)

0%

210,000 blocks (roughly every 4 years)

0%

144,000 blocks (roughly every 3 years)

0%

Answer

120,000 blocks (roughly every 2 years)

Answer

360,000 blocks (roughly every 5 years)

Answer

210,000 blocks (roughly every 4 years)

Answer

144,000 blocks (roughly every 3 years)

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Bitcoin has a specific block reward schedule which was set when it was created. ...

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