Brazil.- April 30, 2024 www.zonadeazar.com In your LinkedIn newsletter, “The SOFTSWISS Special”, a SOFTSWISS, specialist in global technology with more than 15 years of experience in iGaming, investigates the impact of the reduction of Bitcoin Pela metade no mercado.
The recent historical moment of the Bitcoin reduction occurred on April 19, 2024. A SOFTSWISS, pioneer in iGaming software compatible with cryptography, shares its insights and forecasts on how this event can shape the future of iGaming, shedding light on the possibilities opportunities and challenges for sector stakeholders.
What about Bitcoin Halving?
Thus, the reduction of Bitcoin for the target is a scheduled event that occurs approximately every four years or every 210,000 blocks.
During this event, the reward for mining and verification of new blocks is reduced by 50%. In fact, it is so that miners earn only about the number of BTC per block mined.
Since its launch in 2009, the Bitcoin mining reward has been reduced by the target four times, occurring in 2012, 2016, 2020 and 2024. The reward has recently been reduced to 3,125 BTC per block in April.
But these events are crucial to the scarcity and control of Bitcoin inflation. I guarantee that the total supply never exceeds 21 million currencies and is aligned with its deflationary principles.
Historically, each meta reduction event resulted in an increase in the price of Bitcoin. This happens due to the decrease in supply and the increase in shortages, and other market factors also influence these results.
Exploring the impact of Bitcoin reduction on the iGaming sector
In this way, to provide an in-depth analysis of the impact of Bitcoin reduction for the iGaming meta, SOFTSWISS invited Bradley Peak, blockchain specialist and tokenomics consultant, to share his forecasts.
As bets augment. It is expected that the target reduction will be slight to an increase in the value of Bitcoin. However, if the trend of impressive price increases continues, iGaming brands favor Bitcoin and have a positive impact.
Increase in cryptography adoption. The implementation of models compatible with cryptocurrencies has the potential to increase player confidence and transparency in iGaming. Furthermore, it could rejuvenate exclusive gaming experiences, such as provenly fair games and decentralized casinos.
Melhoria das regulatory structures. A recent reduction in Bitcoin could lead regulatory bodies to reassess its position in relation to gambling games with cryptocurrencies. Therefore, we can introduce new regulations that guarantee justice, responsible play and measures against money laundering in the iGaming sector, driven by cryptocurrencies.
Bradley Peak, blockchain specialist, comments on recent changes: “Any transformation will have its challenges. “More importantly, it is important to adapt, invest in unlearned, undeveloped staff, integrate the cryptography process, and ensure that your platform remains secure during the process.”
Explore the influence of Bitcoin Halving 2024 in the iGaming sector in the 4th edition of The SOFTSWISS Special newsletter on LinkedIn.
Edited by @_fonta www.zonadeazar.com