Bitcoin is a digital currency that is decentralized, meaning it is not controlled by any government or financial institution. It operates on a technology called Blockchain, which is a public ledger that records all transactions made on the network. The Blockchain is made up of blocks, which are essentially groups of transactions that are recorded and added to the Blockchain in a chronological order.
So, how many blocks are in 1 Bitcoin? The answer is not straightforward as it depends on the size of the blocks and the complexity of the transactions. Bitcoin blocks have a maximum size limit of 1 MB, which means that each block can contain a maximum of 1 million bytes of data. The average size of a block is around 600-700 KB, and it takes approximately 10 minutes to mine each block.
In order to understand how many blocks are in 1 Bitcoin, we need to look at the Bitcoin block reward. When a miner successfully mines a block, they are rewarded with a certain number of Bitcoins. Initially, the block reward was 50