Bitcoin Quiz

Category - Bitcoin

After approximately how many years is the reward for mining a block of bitcoins halved?
  1. 1 year.
  2. 2 years.
  3. 4 years.
  4. 6 years.
Explanation
Answer: C - After approximately four years is the reward for mining a block of bitcoins halved? When the Bitcoin protocol was first created, the reward for mining a block was 50BTC, and this was the same reward for the first 210,000 blocks. The current reward is 25BTC, and will be reduced to 12.5BTC after the 420,000th block is mined.
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