Bitcoin, the world’s first decentralised digital currency underwent a rare ‘halving’ over the weekend, a process built into the currency’s existence to ensure only a certain amount will ever be on the market.
Analysts are divided on how it’ll affect the already volatile currency in the long-term, but what will definitely happen is that the miners who work on high-powered computers to verify the transactions, will receive half the Bitcoin reward they used to get.
Jacob Donnelly from CryptoBrief.com has written extensively on Bitcoin and spoke to The World’s Margie Smithurst ahead of the 'halving' to explain the process and discuss the future of Bitcoin in general.
Video message from Jacob Donnelly:
http://www.abc.net.au/news/2016-07-13/bitcoin's-'halving'-and-the-future-of-the/7626260
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