The role of transaction fees in cryptocurrencies is essential for maintaining the efficiency, security, and integrity of blockchain networks. Transaction fees are charges that users pay to the blockchain network for processing and verifying transactions. These fees compensate miners and validators who secure the network by adding transactions to the blockchain. Transaction fees vary based on factors like network congestion, transaction urgency, and computational complexity. They incentivize miners to prioritize transactions when they are higher, ensuring faster processing and maintaining a competitive market where users can choose to pay more for quicker transaction verification. Transaction fees play a crucial role in preventing spam transactions, deterring malicious activity, and sustaining a healthy and competitive cryptocurrency market.

### **How are fees calculated?**

To understand how fees are calculated in the world of cryptocurrencies, particularly in transactions like Bitcoin, Ethereum, and others, it is crucial to delve into the mechanics behind these calculations. Cryptocurrency transaction fees play a pivotal role in maintaining the efficiency, security, and integrity of blockchain networks. These fees cover the processing and verification of transactions on decentralized networks of nodes, ensuring that transactions are added to the blockchain securely and efficiently.

### **Factors Influencing Fee Calculation**

1. **Transaction Size**: The size of a transaction in bytes directly impacts the fee charged. Larger transactions that require more space in a block incur higher fees.
2. **Transaction Complexity**: The complexity of a transaction, determined by the number of inputs and outputs it contains, influences the fee. Transactions with multiple inputs and outputs are larger and more complex to process, leading to higher fees.
3. **Network Congestion**: During peak periods when network capacity is strained by a high volume of transactions, fees increase as users compete for faster processing.
4. **Urgency**: Users can prioritize their transactions by paying higher fees to incentivize miners to verify their transactions promptly.

### **Fee Calculation Process**

- **Base Fee**: Each network sets a base fee per transaction.
- **Fee Rate**: The final fee charged is calculated based on factors like computational complexity, urgency, and network congestion.
- **Satoshi per Byte**: Bitcoin Fees are measured in satoshis per byte, reflecting the cost of transaction space on the blockchain.

### **Practical Examples**

- **Bitcoin**: Transaction fees in Bitcoin are calculated using the formula: Fee (in BTC) = Transaction Size (in bytes) × Fee Rate (in satoshis per byte)
- **Ethereum**: Ethereum introduces gas fees for executing smart contracts or token transactions, with higher complexity leading to increased fees.
- EIP 1559 was recently introduced for crypto enthusiasts to have a better way of estimating EVM transaction fees

### **Impact on Users**

Cryptocurrency transaction fees offer a cost-effective alternative compared to traditional financial services, especially for cross-border payments. Unlike traditional systems where fees can be substantial percentages of the amount sent, cryptocurrency transaction fees are often fixed or vary based on network conditions.  Factors like transaction size, complexity, network congestion, and urgency all contribute to determining the final fee users pay for their transactions. By grasping these complexities, one can optimize their fee strategies and make informed decisions when engaging in cryptocurrency transactions

### **Understanding Different Transaction Fee Approaches in Blockchain Systems**

In blockchain, transaction fees are managed through various approaches, each with unique characteristics tailored to different blockchain networks. Let's explore the three main methods: UTXO, Account-based, and Tron, shedding light on their distinct functionalities.

### **UTXO (Unspent Transaction Output) Model**

The UTXO model, prevalent in networks like Bitcoin, involves consuming different inputs (UTXOs) for each transaction while generating new UTXO outputs. These UTXOs represent unspent cryptocurrency amounts, and users must provide sufficient UTXOs to cover transaction fees. To illustrate, imagine owning 10 Bitcoin addresses with 0.11 BTC each. When making a 1 BTC transaction (with a 0.05 BTC fee), you can utilize the combined balance across all addresses. The change from this transaction is returned to a new or existing change address within your wallet, equal to the fee paid (0.05 BTC).

### **Account-based Blockchains**

In account-based blockchains like Ethereum, Tron, and Binance Smart Chain, a balance management system akin to traditional bank accounts is employed. Users can spend a specific portion of their address balance, simplifying transactions. For instance, if you own 50 ETH and transact 12 ETH, you will retain 38 ETH (minus fees), while the recipient receives 12 ETH directly.

### **Tron Blockchain Fee Structure**

Tron's fee calculation revolves around energy and bandwidth metrics unique to its blockchain. Bandwidth, paid in points equivalent to transaction size in bytes, requires 1,500 free points daily for validated addresses with a minimum balance of 0.01 TRX. Energy, obtained through TRX staking, is not provided daily. Insufficient energy or bandwidth points necessitate burning a portion of transacted TRX to cover fees. Larger transactions demand more resources for mining, aligning with the resource-intensive nature of fee models across blockchain networks. In conclusion, understanding these diverse transaction fee mechanisms empowers users to navigate blockchain transactions effectively, optimizing their interactions within different blockchain ecosystems.

### How to avoid high transaction fees with Bitpowr

Bitpowr helps businesses avoid high transaction fees by providing tools that make transactions cheaper on the blockchain. Users can implement fee optimization techniques such as estimating fees accurately, selecting the right wallet structures, making use of batching for multiple transactions, and strategically timing transactions during low-fee periods. Additionally, Bitpowr supports Bitcoin SegWit addresses, enabling faster transaction processing times, reduced fees, and enhanced network capacity. By leveraging these strategies you can effectively mitigate the impact of high transaction fees, and reduce running costs thereby increasing your overall business profit. 

Bitpowr now also supports EIP 1559 so estimating transaction fees will be much more effective. [Feel free to reach out if you require further clarification.](https://bitpowr.com/contact-us)

Transaction fees are essential in  crypto, preventing spam and malicious activities while ensuring the network remains efficient, secure, and competitive.







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Roles of Transaction Fees In Cryptocurrencies

## **Coins**

Coins are digital assets that have their own independent blockchain networks, similar to traditional currencies like the US Dollar or Euro.

They are designed to be used as a medium of exchange, with the primary purpose of storing value and facilitating transactions.

Examples of coins include Bitcoin (BTC), Ethereum (ETH), and Cardano (ADA)

Coins can be created through various consensus mechanisms, such as Proof of Work (PoW) or Proof of Stake (PoS).

They are often used for general transactions and value preservation, making them suitable for everyday use and long-term investment.

## **Tokens**

Tokens, on the other hand, operate on existing blockchain networks instead of having their own independent blockchains.

They are built on top of other blockchains, such as Ethereum, and are designed to provide utility and functionality within specific ecosystems.

Tokens can represent various assets or features, such as ownership in a Decentralized Autonomous Organization (DAO), digital products, or even physical objects.

Tokens are often used to power decentralized applications (DApps) and can be traded like coins on various cryptocurrency exchanges.

They are more suitable for specific purposes and value creation, making them essential for interacting with DApps and participating in decentralized finance (DeFi) projects.

## **Key Takeaways**

In summary, coins are native to their own blockchain networks and are designed for general transactions and value preservation, while tokens are built on top of existing blockchains and provide utility and functionality within specific ecosystems. Both coins and tokens play crucial roles in the cryptocurrency market, enabling a wide range of use cases and applications.

# **What Are Cryptocurrency Coins and Their Common Uses?**

The terms "coins" and "tokens" are often used interchangeably, especially among newcomers to the industry. However, it is essential to understand that coins and tokens are not synonymous; they possess unique characteristics and serve distinct purposes, despite both being instrumental in enabling value exchange within decentralized systems.

In essence, coins represent digital currencies that are native to their respective blockchain networks. For example, Bitcoin (BTC) functions as the native coin for the Bitcoin blockchain, Ethereum (ETH) for the Ethereum network, and XRP for Ripple. The value of these coins is intricately tied to user activities within their respective ecosystems, including factors like transaction volumes, user engagement, and overall demand. Increased usage typically correlates with higher prices due to heightened demand. While external factors can also impact coin prices, they are beyond the scope of this discussion.

On the other hand, cryptocurrency tokens are specifically created to support decentralized projects by leveraging existing blockchain infrastructures through smart contracts. Tokens offer a range of functionalities tailored to specific platforms and blockchains, encompassing utility features, governance mechanisms, and security protocols.
In summary, while both coins and tokens play vital roles in the crypto landscape by facilitating transactions and leveraging distributed ledger technology, they operate on different principles and cater to diverse use cases.

# **What Are Cryptocurrency Tokens and Their Common Uses?**

Cryptocurrency tokens are digital assets that are built on existing blockchain networks, unlike coins that have their own independent blockchains.

Tokens can represent various assets, from physical objects to virtual currencies, and are often created through processes like [Initial Coin Offerings](https://bitpowr.com/blog/understanding-initial-coin-offering-a-comprehensive-guide) (ICOs).

These tokens play a crucial role in powering decentralized applications (DApps) and can offer functionalities such as utility, governance rights, and access to services within specific platforms and blockchains.

**Common uses of cryptocurrency tokens include:**

- Representing assets like physical goods or currencies.
- Providing access to services or applications within decentralized ecosystems.
- Enabling users to participate in governance processes.
- Facilitating cross-chain functionality and interoperability.
- Serving as tradable and transferable assets among participants in blockchain networks.

# **Are Stablecoins, Coins or Tokens?**

Another class of digital assets worth noting is Stablecoins, which, as the name suggests, must maintain a stable value to fall under this category. This stability is often achieved by pegging them to various assets, which acts as a guarantee for maintaining constant levels. For example, USDT is a Stablecoins linked to the value of the US dollar, meaning that 1 USDT is roughly equal to $1 USD.

One distinctive aspect of Stablecoins is that the majority of these assets operate on the Ethereum blockchain through smart contracts. In reality, they are considered ERC-20 tokens as they lack their own independent blockchains. As discussed earlier, all coins are associated with their own blockchains and are native to their respective networks, which makes Stablecoins an exception to this rule.

*At Bitpowr, we offer ready-to-deploy blockchain infrastructure that financial institutions including banks and fintechs can plug into to simplify cross-border remittances, expand their customer base, and grow their revenue. **[Reach out to us to learn more](https://bitpowr.com/contact-sales)**.*

Coins are native to their own blockchain networks and are designed for general transactions and value preservation, while tokens are built on top of existing blockchains and provide utility and functionality within specific ecosystems. 

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Differences Between Coins And Tokens

If you're a developer, chances are you use cryptocurrency APIs to build apps that tap into crypto features and connect with crypto services. These APIs also come in handy for accessing crypto data and executing various cryptocurrency-related tasks, such as monitoring prices, overseeing transactions, and facilitating cryptocurrency exchanges.

### Some Blockchain API Use Cases

**Building Web3 wallets:**  Developers need information about on-chain transactions to provide users with a comprehensive overview of their transaction history and assets. Blockchain APIs play a crucial role in this process by enabling access to on-chain data for wallet development

**Secure Data Storage and Processing**: Blockchain APIs can be used for secure data storage and processing, making it possible to create cost-effective applications that rely on secure networks and minimize potential risks

**Payment Processing**: Blockchain APIs can be integrated with e-commerce platforms to enable secure and efficient payment processing, allowing users to send and receive cryptocurrencies

**Asset Management**: Blockchain APIs can be used for asset management, enabling users to trade crypto assets on various exchanges by interacting with the exchanges' API

**Identity and Access Management**: Blockchain APIs can be used for identity and access management, enabling developers to create secure systems for user authentication and authorization.

**Monitoring:** For Web3 projects, monitoring smart contract events is essential. Blockchain APIs facilitate this by providing event logs for any contract, allowing developers to set up asynchronous triggers within their decentralized applications

**Trading:** Exchanges ****rely on real-time transaction data for accurate order book management and trade execution. Blockchain APIs provide the necessary information for seamless trading operations, ensuring platforms have access to up-to-date transaction data for efficient trading processes

### Here are the top 10 best blockchain API providers for developers

1. **[Moralis](https://moralis.io/blockchain-api-providers-comparing-top-blockchain-api-services/)**: It is a Web3 toolkit that allows developers to easily build, launch, and manage DApps on various Layer 1 blockchains. Moralis provides a range of features such as seamless blockchain integration, user management, real-time data synchronization, file storage on IPFS, scalability, performance monitoring, and analytics tools
2. **[QuickNode](https://www.quicknode.com/core-api?utm_term=quicknode&utm_campaign=Brand&utm_source=google&utm_medium=cpc&hsa_acc=1365030395&hsa_cam=20244916698&hsa_grp=150357053496&hsa_ad=692152634376&hsa_src=g&hsa_tgt=kwd-972169075647&hsa_kw=quicknode&hsa_mt=e&hsa_net=adwords&hsa_ver=3&gad_source=1&gclid=CjwKCAiAopuvBhBCEiwAm8jaMea5CPau9F-M9Fmnf8FNePW8Lz2Lo1SNH40A4fzGSrnULwXryO_m-RoCHdAQAvD_BwE)**: QuickNode's Core API is a popular choice for developers, offering a range of services for fetching blockchain data across multiple networks
3. **[Alchemy](https://docs.alchemy.com/reference/api-overview)**: Alchemy is another prominent blockchain API provider, offering services for querying block data, fetching transactions, and more across various blockchain networks
4. **[ChainAPI](https://chainapi.com/)**: ChainAPI is a comprehensive API that supports multiple programming languages and offers a range of features for interacting with smart contracts and blockchain data
5. **[BlockCypher API](https://www.blockcypher.com/dev/bitcoin/#introduction)**: BlockCypher API is a simple and easy-to-use API that allows developers to interact with Bitcoin, Ethereum, Litecoin, and Dogecoin on various platforms
6. **[Binance API](https://www.binance.com/en/binance-api):** The Binance API is a set of features and tools that the Binance cryptocurrency exchange provides to let developers automate their trading activities. You can use the Binance API to access market data in real-time, execute trades, manage your accounts, and view your trading histories.
7. **[CoinGecko API](https://www.coingecko.com/en/api)**: CoinGecko provides a comprehensive cryptocurrency API that offers access to real-time and historical cryptocurrency data
8. **[Etherscan API](https://etherscan.io/apis)**: Etherscan is a popular API for interacting with the Ethereum blockchain, providing data on transactions, smart contracts, and token information.
9. **[CoinMarketCap API](https://www.coingecko.com/en/api)**: CoinMarketCap is a popular cryptocurrency data platform that offers an API for accessing market data, price quotes, historical data, and more.
10. **[Bitpowr API](https://docs.bitpowr.com/reference/api-overview)**: Bitpowr API is a simplified API service that makes it easier for developers to integrate with crypto, offering a comprehensive institutional wallet and digital asset management solution.

When choosing a blockchain API provider, consider factors such as the specific blockchain networks you need to work with, the level of support offered, and the pricing plans available. Additionally, look for providers that offer a versatile blockchain API offering additional features, services, and resources beyond the basic functionality to support your project's needs.

Here we delve into the essential role of cryptocurrency APIs for developers in building applications that leverage crypto functionalities and connect with crypto services.

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10 Best Blockchain API Providers for Developers

Tron (TRX) is a blockchain-based digital platform that primarily hosts entertainment applications, with its in-house cryptocurrency, called Tronix or TRX.

Founded in 2017 by the Singapore non-profit organization, the Tron Foundation. Tron aims to create a global entertainment system for the cost-effective sharing of digital content. The platform has its roots in Asia but has now expanded globally, with over 180 million accounts as of August 2023.

Tron operates as a decentralized platform that uses blockchain and peer-to-peer (P2P) network technology to eliminate middlemen, allowing content creators to sell their work directly to consumers.

Developers use the Solidity programming language to create apps that are hosted on the Tron platform.

Users of the network pay content creators using TRX, which is the currency used on the network.

### How does TRON work?

TRON operates on a three-layer protocol that includes a storage layer, core layer, and application layer, each optimized for specific functionalities.

The core layer performs tasks such as driving the innovative consensus procedure for adding new blocks to the chain, managing accounts, and overseeing smart contracts. The storage layer is optimized for complex data storage needs within the evolving blockchain, providing a high level of stability and security.

The application layer is designed to support the development of decentralized applications (DApps) and other functionalities. TRON also uses a delegated proof-of-stake consensus mechanism, which allows for high transaction throughput and lower fees compared to other blockchains. The platform processes up to **2,000 transactions per second,** making it one of the fastest blockchain platforms. TRON has been compared to Ethereum in terms of its blockchain structure and features, such as decentralized applications (DApps), smart contracts, and tokens. However, TRON has been criticized for borrowing rather than building the basics of its platform, but it has also been praised for focusing on good user experience and design.

### Use Cases and Applications of TRON

Tron (TRX) has several use cases that make it stand out in the cryptocurrency market. Here are some of the key use cases for Tron:

### **1. Low Transaction Fees**

Tron has a transaction fee of about 0.82% TRX, which is significantly lower than Ethereum's gas prices.

Additionally, content creators on the platform do not have transaction fees, making it more cost-effective for users. Tron's proof-of-stake consensus mechanism also makes it more environmentally friendly compared to Bitcoin's proof-of-work consensus mechanism.

### **2. TRC-20 Token Standard**

Since Tron uses a three-layer protocol that includes storage, core, and application layers, similar to Ethereum's ERC-20 protocol, This allows developers to create and issue tokens on the Tron network, which can be used for various purposes, such as fundraising, loyalty programs, and more.

### **3. Smart Contract-Based Financial Projects**

Tron is used in smart contract-based financial projects, including decentralized exchanges (DEXs), lending platforms, and yield farming opportunities.

Many projects are powered by TRX and TRC-20 tokens, providing users with opportunities to earn rewards and interest within the Tron ecosystem.

### **4. Decentralized Applications (DApps)**

Developers can build and deploy DApps on the TRON network, covering a wide range of use cases, including gaming, social media, DeFi, and more.

TRX is used as a means of exchange and to interact with these DApps, making it a versatile cryptocurrency within the ecosystem.

### **5. Cross-Chain Activities**

Tron's interoperability with other blockchains allows it to be used for cross-chain activities, asset transfers, and engaging with DApps on different blockchain networks. This means Tron can be deployed on popular blockchains to be received as a valid token on such chain. For Instance, Tron can be deployed on USDC so that USDC_Tron can be received.

This makes TRX a valuable asset for users looking to explore various blockchain ecosystems. These use cases have contributed to Tron's growth and potential as a competitive cryptocurrency, particularly in the Custody and decentralized finance (DeFi) sector.

### **6. Global Entertainment System**

Tron aims to create a global entertainment system that allows content creators to sell and fully control their content, challenging large media platforms like Netflix, Instagram, and Google.

By using peer-to-peer communication, Tron eliminates the need for third parties, providing content creators with more control and lower fees.

As TRON's ecosystem continues to grow and evolve, it remains an intriguing option for those seeking to explore the potential of decentralized technologies.

 At the core of Tron's ecosystem is its native cryptocurrency, Tronix (TRX). This article delves into how Tron functions as a decentralized platform and it's various use cases.

Bxtronx.jpg

What is TRON (TRX) and how does it work? 

These terms play a crucial role in enabling the flow of value between traditional fiat currencies and digital assets. For businesses, the primary advantage of employing onramp and offramp crypto solutions is the ability to offer users the option to enter or exit the Web3 ecosystem. Providing both options greatly improves user experience and fosters appreciation among your clientele.

### What are On-Ramps?

**On-ramp** in crypto refers to an exchange or service where individuals can convert **fiat money** (such as US dollars, euros, or yen) into cryptocurrencies. Essentially, it’s the gateway for new users to step into the crypto space. Here’s how it works:

1. **Exchanges**: Many well-known cryptocurrency exchanges allow direct fiat purchases. Users can trade their fiat currency for digital assets like Bitcoin, Ethereum, or other altcoins. These exchanges act as on-ramps by facilitating the initial entry into the crypto market.
2. **Over-the-Counter (OTC) Markets**: OTC markets provide an alternative to regular exchanges. Here, users trade directly with each other at agreed-upon prices. OTC services are often used for large transactions and are more common among institutional buyers.
3. **Cryptocurrency ATMs**: Yes, you read that right! Cryptocurrency ATMs exist in some cities. Users can deposit cash and receive digital assets in return. However, availability is limited, and the range of supported cryptocurrencies may vary.
4. **API Integration**: Both exchanges and OTC services offer APIs that can be integrated into other applications. This makes trading across multiple markets easier for advanced users.  [Institutional custody solutions like Bitpowr](https://bitpowr.com/product/settlement-infrastructure) in turn offer these exchanges and OTC services a plug-and-play solution for offramp and onramp settlement. 

### 

### What Are Off-Ramps?

**Cryptocurrency off-ramps** serve as the reverse process. They allow users to convert their digital assets back into fiat currency or use them to purchase goods and services. Here’s how off-ramps work:

1. **Exchanges and ATMs**: Just as exchanges act as on-ramps, they also function as off-ramps. Users can trade their crypto holdings for fiat. Keep in mind that exchanges may have limits on how much can be moved off-platform within a specific time frame.
2. **OTC Trading**: OTC trading works both ways. Users can sell their cryptocurrencies for fiat through OTC channels. However, OTC trading is more suitable for larger transactions.
3. **Purchasing Goods and Services**: While the ultimate goal is to use digital assets for everyday purchases, most users still seek ways to convert their crypto holdings into traditional currencies. Some businesses now accept cryptocurrencies as payment, but this practice is still relatively rare.

### The Importance of On-Ramps and Off-Ramps

On-ramps and off-ramps are essential for the mass adoption of cryptocurrencies. They bridge the gap between the crypto world and the traditional financial system. Whether you’re stepping onto the crypto highway or exiting it, these ramps play a vital role in ensuring a smooth journey.

Remember, while crypto enthusiasts dream of a future where digital assets become ubiquitous for everyday transactions, the reality is that most users still need reliable ways to move between fiat and crypto. On-ramps and off-ramps provide precisely that.

So next time you’re considering buying or selling crypto, think of these ramps as the on-ramps and off-ramps of your financial journey in the digital space

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 What is Onramp and Offramp?

Blockchain technology offers two primary models for organizing and managing networks: permissioned and permissionless blockchains. These models differ in their approach to security, privacy, and decentralization, making them suitable for various use cases.

### **Permissioned Blockchains**

Permissioned blockchains, also known as private blockchains, are closed networks operated by a single entity or a consortium of entities. Access to the blockchain is restricted to a specific group of participants, and the central authority verifies and validates all transactions. Permissioned blockchains are more suitable for applications that require privacy and security, such as supply chain provenance tracking, claims settlement, and identity verification

### **Permissionless Blockchains**

Permissionless blockchains, also known as public blockchains, are open to anyone who wants to participate in the network. There is no central authority that controls access to the network, and users on the network are responsible for verifying and validating transactions. Permissionless blockchains are more suitable for applications that require transparency, such as digital asset trading, crowdfunding, and distributed file storage

**Advantages of Permissioned Blockchains:**

- Privacy and Confidentiality: Permissioned blockchains offer greater control over data privacy and confidentiality, making them suitable for enterprise applications.
- Scalability: With fewer participants and controlled access, permissioned blockchains can achieve higher transaction throughput and scalability.
- Regulatory Compliance: Permissioned blockchains enable organizations to adhere to regulatory requirements by implementing access controls and identity verification measures.

**Disadvantages of Permissioned Blockchains:**

- Centralization: Permissioned blockchains rely on centralized authorities for governance and decision-making, which may undermine the principles of decentralization.
- Reduced Transparency: The closed nature of permissioned blockchains limits transparency and visibility for external stakeholders, potentially leading to trust issues.

**Advantages of Permissionless Blockchains:**

- Decentralization: Permissionless blockchains are truly decentralized, with no single entity controlling the network or its governance.
- Transparency: Transactions on permissionless blockchains are transparent and visible to all participants, fostering trust and accountability.
- Open Access: Permissionless blockchains promote inclusivity and accessibility, allowing anyone to participate in the network without barriers.

**Disadvantages of Permissionless Blockchains:**

- Scalability Challenges: Permissionless blockchains face scalability issues due to the resource-intensive consensus mechanisms employed, such as Proof of Work (PoW).
- Security Concerns: The openness of permissionless blockchains can make them vulnerable to attacks and manipulation, particularly in networks with low levels of participation or concentration of mining power.

### **Real-World Applications**

**Permissionless Blockchains**

1. **Cryptocurrencies**: Permissionless blockchains are widely used for cryptocurrencies like Bitcoin and Ethereum, enabling borderless and trustless transactions without the need for a trusted intermediary
2. **Decentralized Applications (dApps)**: Permissionless blockchains are the foundation for various decentralized applications, including finance, gaming, and decentralized finance (DeFi).
3. **Global Transactions**: These blockchains facilitate seamless international transfer of money, allowing for global participation and inclusivity

**Permissioned Blockchains**

1. **Supply Chain Management**: Permissioned blockchains are used for supply chain management, ensuring data privacy and restricted access to approved members.
2. **Government Applications**: They are employed in government applications for identity management, tax monitoring, and other regulatory purposes, providing a controlled and secure platform for sensitive data.
3. **Business-to-Business (B2B) Interaction**: Enterprises use permissioned blockchains for B2B interactions, where data privacy and controlled transparency are essential.

### Conclusion:

In summary, permissionless blockchains are well-suited for public, open-use instances, while permissioned blockchains are tailored for specific enterprise use cases that require data privacy, controlled access, and regulatory compliance. The choice between the two depends on the specific use case and the organization's requirements.

Whether it's enhancing privacy and scalability with permissioned blockchains or promoting decentralization and inclusivity with permissionless blockchains, the future of blockchain innovation holds immense promise for reshaping the global financial landscape.

At Bitpowr, we’ve created a modular and unified ecosystem of several blockchain protocols that businesses can instantly integrate with to launch and run their Exchanges, OTC desk services, Fintechs, payment gateways and other blockchain-enabled financial services. [Reach out to us here](https://bitpowr.com/contact-sales)

Permissioned blockchains prioritize control and privacy, making them suitable for enterprise applications, while permissionless blockchains emphasize decentralization and openness, catering to a broader range of use cases, including cryptocurrency and decentralized finance (DeFi).
Explore their benefits in this articles 

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Permissioned and Permissionless Blockchains

Bitpowr is excited to unveil support for Avalanche, expanding our platform's capabilities and offering your business a seamless experience with Avalanche's high-performance platform. Your users can now enjoy faster transaction processing and significantly lower fees compared to traditional blockchain networks.

### **Exploring Avalanche**

Avalanche is a decentralized, open-source multi-chain platform that supports web3 decentralized applications (dApps) and smart contracts.

It is designed to be scalable, secure, and decentralized, with a focus on a fast transaction processing time of up to 4,500 transactions per second.

Avalanche is Ethereum-compatible, allowing users to bring their ERC-20 tokens to the platform

Avalanche has a unique reward structure that incentivizes network participants to confirm transactions

Avalanche is also known for its fast smart contract blockchain platform, which has attracted the attention of major DeFi protocols like Sushi and Kyber Network

The platform has gained popularity and has been invested in by the AVA Labs Foundation, which received $230 million in investment in 2021

### **How can you access Avalanche on Bitpowr?**

Businesses on Bitpowr can now interact with the Avalanche Chain network via our Dashboard and build applications via our Developer API.
If you are new here please [sign up](https://bitpowr.com/contact-sales) to get started.

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 Bitpowr Integrates with Avalanche 

Bitpowr is excited to announce the addition of Arbitrum to its supported blockchain infrastructure, further enhancing the platform's capabilities. With this expansion, businesses can now seamlessly interact with Arbitrum's innovative, EVM-compatible protocol, executing transactions off-chain for faster processing and considerably lower fees compared to Ethereum

### **Exploring Arbitrum**

Arbitrum stands out as a [Layer 2](https://bitpowr.com/blog/ethereum-layer-2-latest-solutions)  EVM-compatible protocol designed for building scalable and efficient decentralized applications on Ethereum. The technology is developed by Offchain Labs, a startup founded by a team of experienced blockchain developers. Arbitrum is designed to address the scalability and efficiency challenges of the Ethereum network by enabling developers to create smart contracts that can be executed off-chain. This approach reduces gas costs and increases transaction throughput, making transactions faster and cost-efficient—up to 270 times lower fees.

Arbitrum is built on top of Ethereum, which means that it is fully compatible with existing Ethereum tools and resources. This compatibility allows developers to leverage existing infrastructure and tools to build decentralized applications on Arbitrum. The technology is also designed to be user-friendly, making it easy for developers to understand and work with the technology.

One of the key features of Arbitrum is its ability to support a wide range of smart contracts. This means that developers can create complex smart contracts that can be executed off-chain, reducing the load on the Ethereum network. Arbitrum also supports a range of programming languages, including Solidity, which is the most popular language for writing smart contracts on Ethereum.

### How can you access Arbitrum on Bitpowr?

To access Arbitrum on Bitpowr, please [sign up](https://bitpowr.com/contact-sales) here if you are a new user. 
If you already are a business user on Bitpowr, you can now start interacting with Arbitrum via the Dashboard and build applications via our API.

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Bitpowr Integrates with Arbitrum

We are happy to announce that Bitpowr has integrated with OP Stack to support low-cost and lightning-fast Ethereum L2 blockchains such as the Optimism mainnet and Base L2. This integration will bring several benefits to businesses building on the Optimism network, simplifying the development process, improving scalability, and enhancing security for your blockchain applications. 

### What is OP Stack?

The [OP Stack](https://docs.optimism.io/stack/getting-started) is a modular, open-source blueprint for building highly scalable and interoperable blockchains. It promotes extensibility, allowing developers to build custom blockchains tailored to specific user needs.

 It is simple and easy for developers to understand and work with the technology.

The Superchain built on OP Stack allows web3 projects to build optimistic Rollups that enable seamless interoperability between different blockchains. 

The stack significantly improves performance and efficiency by moving most of the computation off-chain, reducing gas costs, and increasing transaction throughput.

Its full compatibility with the Ethereum Virtual Machine ensures that existing tools and resources can be leveraged.

 The decentralized nature of the OP Stack encourages community collaboration, ensuring the continued growth of the ecosystem.

The OP Stack serves as a solution to tackle congestion issues on the Ethereum mainnet. It stands as the open-source foundation driving the Optimism ecosystem, specifically crafted to bolster the Superchain.

### What is Optimism Mainnet?

The [**Optimism mainnet**](https://help.optimism.io/hc/en-us/categories/4413025590427-Using-OP-Mainnet) is a Layer 2 scaling solution for Ethereum, designed to provide faster transactions at a fraction of the cost, addressing Ethereum's scalability issues. It operates as a Layer 2 network on top of Ethereum's architecture, acting as a minimal extension of the main Ethereum layer. The main benefits of the Optimism mainnet include improved scalability, increased transaction speeds, reduced gas fees, and consistent security measures and decentralization as the Ethereum mainnet. It is built on the OP Stack and utilizes Optimistic Rollup technology.

### What is Base?

**[Base](https://optimism.mirror.xyz/Luegue9qIbTO_NZlNVOsj25O1k4NBNKkNadp2d0MsTI)**, on the other hand, is Coinbase's Layer 2 network built on OP Stack in collaboration with Optimism. It aims to be decentralized, permissionless, and open to anyone with the vision of creating a standard, modular, rollup agnostic Superchain powered by Optimism. Base offers full EVM compatibility at a fraction of the cost. It is designed to be a scalable and secure platform for hosting blockchain applications and services, with a focus on open source, decentralization, and permissionless access.

### **How to Access OP Stack Networks on Bitpowr?**

To get started with OP Stack on Bitpowr, simply [sign up](https://bitpowr.com/contact-sales) Here. 
If you are already using Bitpowr, you can interact with Base and Optimism via the dashboard or [API](https://docs.bitpowr.com/reference/api-reference).

Bxoptimisma1.jpg

Bitpowr Integrates with OP Stack (Optimism x Base)

The approval of the first Bitcoin Exchange-Traded Fund (ETF) is a turning point in the crypto space. It was first Initiated by Cameron and Tyler Winklevoss in 2013, co-founders of the Gemini crypto exchange, since then the journey toward regulatory acceptance has been difficult. This article will provide a clear and detailed overview of Bitcoin ETFs, covering their history, the current situation, implications for the ecosystem, and potential benefits for the ecosystem.

### **What is ETF?**

In simple terms, an Exchange-Traded Fund (ETF) is a type of investment fund that is traded on stock exchanges, similar to individual stocks. ETFs are designed to track the performance of a specific group of assets, such as stocks, bonds, commodities, or, in the case of a Bitcoin ETF, the price of Bitcoin. Investors can buy and sell shares of an ETF on the stock market, providing them with a way to gain exposure to a diversified portfolio or a specific asset class without directly owning the underlying assets. ETFs offer flexibility, liquidity, and the ability to trade throughout the trading day at market prices, making them a popular investment choice for many individuals.

There are two primary categories of Bitcoin ETFs: physical and futures. A physical Bitcoin ETF holds actual bitcoins in custody, while a futures Bitcoin ETF uses derivatives contracts to track the price of Bitcoin. Both types of Bitcoin ETFs have their advantages and disadvantages, which depend on the investor's risk appetite, cost sensitivity, and regulatory preference. Physical ETFs offer direct ownership and simplicity but may involve storage costs, while spot ETFs provide flexibility but are susceptible to market volatility. Futures-based ETFs offer flexibility but are exposed to market fluctuations, while leveraged and inverse ETFs amplify risks. Evaluating the pros and cons of each type aids in making informed investment decisions, and investors should align their preferences, risk appetite, and investment goals when selecting an ETF.

### **What is the history behind  Bitcoin ETF?**

The history of Bitcoin ETFs in the US has been a rocky one, with the first concept for a Bitcoin futures ETF emerging shortly after investors and brokers noticed that Bitcoin prices were trending upward in 2013. Retail and average investors lost the opportunity to invest in Bitcoin directly, and brokerages began to design Bitcoin exchange-traded funds. However, the Security and Exchange Commission (SEC) continued to reject these proposals, and it was not until October 2021 that the first official Bitcoin-linked ETF, the Proshares Bitcoin Strategy ETF (BITO), was approved by the SEC and listed on the New York Stock Exchange.

The approval of the BITO ETF was a significant milestone in the adoption of cryptocurrency by mainstream financial institutions. The fund debuted as one of the most heavily traded ETFs in market history, attracting more than $1 billion in assets in the first few days. The anticipation of the ETFs has already boosted the price of Bitcoin in recent months, and the approval is seen as a significant step in increasing investment in the cryptocurrency industry.

The approval of the BITO ETF is expected to lead to the conversion of the Grayscale Bitcoin Trust, which holds about $29 billion of the cryptocurrency, into an ETF. Additionally, traditional asset managers including BlackRock and Fidelity are poised to launch Bitcoin ETFs. More than 10 different firms are now in the formal process of a launch, with some of the largest financial firms in the world being approved to offer the products.

The history of Bitcoin ETFs in the US reflects the increasing willingness of mainstream financial institutions to deal in cryptocurrencies, and it is likely to pave the way for a new wave of investment in digital assets. The approval of the BITO ETF and the anticipated approval of other Bitcoin ETFs is expected to have a far-reaching impact on the adoption and investment in Bitcoin, and it is likely to boost the price of Bitcoin and unleash new demand for the asset class.

### **What is the current situation of the Bitcoin ETF?**
 
In a [statement on January 10, 2024, Gary Gensler](https://www.sec.gov/news/statement/gensler-statement-spot-bitcoin-011023), the Chairman of the U.S. Securities and Exchange Commission (SEC), addressed the recent approval of spot bitcoin exchange-traded funds (ETFs).

The Securities and Exchange Commission approved 10 different applications at the same time, including  BlackRock  Ark Investments Fidelity, Invesco, VanEck etc. 
Here is a list of spot Bitcoin ETFs and their fees as of now

- Invesco Galaxy Bitcoin ETF (BTCO): 0.39%
- Valkyrie Bitcoin Fund (BRRR): 0.80%
- Grayscale Bitcoin Trust (GBTC): 1.50%
- Bitwise Bitcoin ETF (BITB): 0.20%
- Ark 21Shares Bitcoin ETF (ARKB): 0.21%
- iShares Bitcoin Trust (IBIT): 0.25%
- VanEck Bitcoin Trust (HODL): 0.25%
- Fidelity Wise Origin Bitcoin Fund (FBTC): 0.25%
- Franklin Templeton Digital Holdings Trust (EZBC): 0.29%
- WisdomTree Bitcoin Fund (BTCW): 0.30%

These ETFs are designed to track the price of Bitcoin, and the funds hold “physical” BTC. However, there’s no guarantee that the share price will deliver the same returns as the underlying asset.

Gensler conceded that what led to spot bitcoin ETF approvals was the regulator's loss in court over rejecting Grayscale's application. However, he emphasized that the SEC did not approve or endorse Bitcoin. Gensler also highlighted the need for investor protection in the rapidly evolving cryptocurrency market and the SEC's role in ensuring fair and transparent markets

### **What does the Bitcoin ETF approval mean for the Ecosystem?**

The approval of spot bitcoin ETFs in the U.S. has significant implications for investors and the ecosystem at large:

The approval of a spot bitcoin ETF in the U.S. opens up the audience of people and institutions that can buy and sell bitcoin, significantly changing the perception of crypto for the mainstream public.

Bitcoin is no longer considered shady or infamous, and it could start appearing in mainstream portfolios

The approval of the Bitcoin ETF is also anticipated to accelerate market adoption and foster the development of regulated crypto products offered by reputable and trusted crypto companies

Additionally, the approval extends far beyond national borders, signaling a move toward global recognition and acceptance of Bitcoin

Lastly, Bitcoin is a speculative and volatile asset, and investors should remain cautious about the risks associated with it.

The approval of Bitcoin ETFs could trigger a domino effect, leading to increased investor interest and capital inflow into both Bitcoin and other cryptocurrencies, potentially driving a price surge and revolutionizing the crypto market. 

However, investors need to be aware of the risks and potential market manipulation associated with cryptocurrencies

The green light given to a Bitcoin ETF in the United States is triggering a significant transformation. Here is a brief overview of the implications for the ecosystem.








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Bitcoin ETF Why its Matters and What Its Approval Mean

The year 2023 has brought significant changes compared to what we anticipated in 2022. We have witnessed numerous groundbreaking developments that have shaken up the crypto ecosystem throughout both years.

We witnessed the collapse of major exchanges, DeFI platforms, and firms, leading to a drop in crypto prices and a loss of trust among businesses, high-net-worth investors, and venture capitalists. As a result, many users sought refuge in self-custody, which has led to an increase in self-custody solutions like MPC (Multi-Party Computation).

However, the year 2023 has been great for Bitpowr. We have reached new heights from both a business and product perspective, and have shipped new awesome features for our customers.

In December 2022, we were processing $2m per month. However, by September 2023, our processing volume increased significantly to over $16m+ per month. Additionally, in 2023 alone, we successfully onboarded and partnered with more than 50+ interesting customers in Asia and Africa, each with unique use cases.

On July 2023, I tweeted that Bitpowr processed over $70m+ in Total Transaction Volume (TTV) on X. It only took a little over a month to reach over $100m+ by late August. And then, within 4 months, that amount doubled.

<blockquote class="twitter-tweet"><p lang="en" dir="ltr">Crossed $70m+ already. We processed around $13m+ TTV in June alone. Glad this is growing. <a href="https://t.co/aMKnSYcYtF">https://t.co/aMKnSYcYtF</a></p>&mdash; Oyetoke Toby (@OyetokeT) <a href="https://twitter.com/OyetokeT/status/1677281190603096064?ref_src=twsrc%5Etfw">July 7, 2023</a></blockquote> <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>

In 2023, we processed over 15 million API calls made by our customers and handled more than 700,000 transactions across multiple blockchains worth over $200m+.

![bitpwr 2023 wrap1.jpg](https://res.cloudinary.com/dskb0ngav/image/upload/v1704138094/bitpwr_2023_wrap1_4d916f2fb1.jpg)

Speaking of blockchains, we integrated 3 Layer 2 blockchains such as Base, Arbitrum, and Optimism. Additionally, we integrated other chains like Near, Avalanche, Hedera, and Tezos.

![Bitpowr launches L2 EVM.webp](https://res.cloudinary.com/dskb0ngav/image/upload/v1704308258/Bitpowr_launches_L2_EVM_2e01f0be7b.webp)

Over the last few months, we have experienced a huge surge in interest in self-custody solutions giving rise to solutions based on MPC and also account abstraction smart wallets for better user experience on the EVM chain.

Bitpowr was started as a blockchain infrastructure for businesses to remove the complexity of working with digital assets and build blockchain-powered products.

We launched our first product, Bitpowr Custody, in January 2022. It is a wallet infrastructure and MPC-based custody solution that allows businesses to securely manage digital assets and issue secure wallets for their customers.

One of the main requests was to enhance the functionality of the generated wallet interactions, like allowing users to interact with decentralized finance (DeFi), sign raw transactions and messages, perform on-chain interactions such as swaps, and give the option to organizations to offer full control of the wallet to end users.

This has enabled us to realign with our initial vision of a programmable secure wallet and self-custody solution, providing absolute control and security over users’ assets.

Our goal for next year is to simplify the management of daily on-chain crypto strategies and operations for organizations and high-net-worth investors, while securely issuing programmable wallets for users, and signing and approving transactions with a flexible and customizable policy engine via our Developers API.

To wrap up the year, we have begun the process of conducting our SOC 2 Type II and ISO 27001 audits in 2023. We expect to obtain full certification by Q2 2024. This is a significant achievement for us, as it significantly improves the security of our users’ data and assets. It marks a major milestone for Bitpowr.

As we continue to advance our mission in 2024, we remain committed to actively listening to our customers and addressing the problems you have shared with us. We would be delighted to have a brief call with you to discuss how we can assist you. By engaging in conversations with our customers, we gain valuable insights into their needs and how our products impact their operations. This ongoing dialogue has played a significant role in driving our continuous improvement. To schedule a call, please [click](https://calendly.com/bitpowrtechnology) here or you can just send an email to hi@bitpowr.com.

Thank you for trusting Bitpowr and giving us a reason to build. On behalf of the Bitpowr team, I wish you, your team, and your loved ones a happy new year and prosperity in 2024.


BitpowrArticleJAN1.jpg

Amazing year at Bitpowr

Programmable wallets have emerged as a groundbreaking concept, offering users unprecedented control and customization over their digital assets. In this article, we'll explore the fundamentals of programmable wallets, understanding what they are, how they work, and the potential they hold for the future of finance.

### **What are Programmable Wallets?**

A programmable wallet is a type of cryptocurrency wallet that goes beyond the basic functionalities of storing and managing digital assets. Unlike traditional wallets, which primarily focus on the storage of tokens, programmable wallets allow users to execute smart contracts, automate transactions, and implement custom functionalities. Essentially, they empower users to program specific conditions under which their funds are managed.

### **How Do Programmable Wallets Work?**

Programmable wallets operate on the foundation of smart contracts, self-executing contracts with the terms of the agreement directly written into code. These contracts are deployed on blockchain networks, and programmable wallets interact with them to automate various processes.

Here's a breakdown of key features and workings:

1. **Smart Contracts:** Programmable wallets utilize smart contracts to define rules and conditions for transactions. These contracts are executed automatically when predefined criteria are met.
2. **Customizable Conditions:** Users can program their wallets to perform specific actions based on predetermined conditions. For example, funds can be automatically transferred to another wallet after a certain date or when a particular event occurs.
3. **Decentralized Finance (DeFi) Integration:** Many programmable wallets are designed to seamlessly integrate with decentralized finance protocols, allowing users to participate in lending, borrowing, and yield farming directly from their wallets.
4. **Multi-Signature Functionality:** Some programmable wallets support [multi-signature](https://bitpowr.com/blog/mpc-vs-multi-sig-wallets-which-is-best-for-your-business) functionality, requiring multiple private keys to authorize a transaction. This adds an extra layer of security and control.
5. **User-Friendly Interfaces:** Despite their advanced capabilities, programmable wallets often come with user-friendly interfaces, making them accessible to a broader audience.

### **Potential Applications**

1. **Automated Savings Plans:** Users can set up programmable wallets to automatically allocate a percentage of their income to savings or investment accounts at regular intervals.
2. **Conditional Payments:** Funds can be programmed to be released or transferred only when specific conditions are met, providing a secure and automated way to execute complex agreements.
3. **Token Swapping:** Programmable wallets can facilitate automatic [token swaps](https://bitpowr.com/blog/bitpowr-unveils-on-chain-swap-features) based on predefined conditions or market changes, optimizing the user's portfolio.
4. **Decentralized Autonomous Organizations (DAOs):** Programmable wallets play a crucial role in DAOs, where members collectively manage funds and make decisions through smart contracts.

### **Challenges and Considerations**

While programmable wallets offer exciting possibilities, users should be aware of potential risks, including bugs in smart contracts, security vulnerabilities, and the irreversible nature of blockchain transactions. It's crucial to thoroughly understand the functionalities and implications before deploying programmable wallets for critical financial operations.

### In conclusion

Programmable wallets stand as a transformative force in the digital landscape, offering users unprecedented control, automation, and customization. As this technology matures, it is evident that programmable wallets will be at the forefront of defining the future of decentralized finance and digital asset management.

For those ready to embrace this evolution, Bitpowr presents a solution that goes beyond the ordinary. Our **[Programmable Wallet](https://bitpowr.com/product/wallet-infrastructure), Built for Scale,** provides a user-friendly infrastructure for creating and managing unlimited secure MPC wallets across multiple blockchains. 

We would love to tell you more about this. Please don't hesitate to [get in touch](https://bitpowr.com/contact-sales)! [](https://bitpowr.com/contact-sales)

Explore programmable wallets – a modern cryptocurrency wallet that does more than just store assets. 

BitpowrArticle27_Nov (1).jpg

Programmable Wallets

Bitcoin halving is a planned reduction in the rewards miners receive for their work in validating transactions on the Bitcoin network. The term is mentioned in Bitcoin's code, and it occurs approximately every four years. In the Bitcoin halving, the mining reward is cut in half, which affects the supply of new bitcoins entering circulation.

Halvings are set to happen approximately every four years or every 210,000 blocks until the entire 21 million bitcoin supply is mined, expectedly by 2140. As a component of bitcoin's deflationary strategy towards its limited supply, the forthcoming halving will decrease the bitcoin supply subsidy from 6.25 BTC per block to 3.125 BTC, thereby cultivating a stricter supply environment.

2024 bitcoin halving is expected to take place between 19th to 20th  April.


### Historically

![Untitled (1).png](https://res.cloudinary.com/dskb0ngav/image/upload/v1713209174/Untitled_1_207a0699bb.png)
Image: GME Group

Bitcoin has experienced price increases after halving events. For example, the price of Bitcoin rose from around $12 to $1,100 within a year after the first halving in November 2012.

Similarly, the price increased from $670 to nearly $20,000 within a year after the second halving in July 2016.

 The third halving in May 2020 saw the price rise from around $9,500 to $69,000 within a year and a half.

### What is the Impact of Halving on Bitcoin Miners?

Miners often respond to the reduced block rewards by adjusting their strategies to maintain profitability. They may invest in energy-efficient technologies, join mining pools to increase their chances of earning rewards, or prioritize transactions with higher fees to offset the decrease in block rewards. 

Additionally, miners may sell more of their Bitcoin inventory to cover operational costs, which can increase the supply of Bitcoin in the market and potentially depress prices.

The recent introduction of Bitcoin ETFs has added a new dynamic to the mining landscape. These ETFs could serve as a counterbalance to the sell pressure from miners by absorbing some of the selling pressure and providing a steady demand source for Bitcoin. This could potentially reshape Bitcoin's market structure in a positive way, benefiting the price post-halving

### What is the Impact of Bitcoin spot ETFs on the Halving?

The impact of the halving on the price of Bitcoin is not guaranteed, as market conditions and investor sentiment play a significant role.

Coinbase analysts argue that the Bitcoin ETFs have changed the market dynamics, as they have established a new anchor for BTC demand. The constant demand from ETFs could be positive for Bitcoin's price over the long-run by creating a more balanced market with less volatility from concentrated selling. 

The ETFs generate between $4 billion to $5 billion in daily spot-trading volumes, which makes liquidity sufficiently large for institutions to trade without causing price crashes.

In summary, the impact of Bitcoin ETFs on the halving effect on Bitcoin's price is not straightforward. While the ETFs have democratized access to Bitcoin and increased market liquidity, they may also weaken the halving effect on the price due to constant demand from ETFs. The actual impact on the price will depend on various factors, including market conditions and investor sentiment

### What is the Impact of large liquid derivatives market on the halving**

The evolution of a large liquid derivatives market has significant implications for the Bitcoin halving. The emergence of a robust, regulated derivatives market facilitates price risks to be hedged, manages bitcoin demand risk, and provides market participants with actionable price discovery.

 This development has led to several key changes:

1. **Hedging Price Risks**: Derivatives markets enable investors to hedge their positions against price fluctuations, which can help stabilize the market and reduce the impact of sudden price movements. This is particularly important for Bitcoin, which is known for its high volatility.
2. **Managing Bitcoin Demand Risk**: As the demand for Bitcoin increases, so does the risk of price volatility. Derivatives markets help manage this risk by providing tools for investors to take positions that balance their exposure to Bitcoin's price movements.
3. **Actionable Price Discovery**: Derivatives markets provide more accurate and timely price information, which can help market participants make better-informed decisions. This is crucial for understanding the impact of the halving on Bitcoin's price.

The halving process is designed to maintain the scarcity of Bitcoin, which is a key factor in its value proposition. With the evolution of derivatives markets, miners can now hedge and lock in future bitcoin prices to cover expenses without selling their coins. This reduces the selling pressure from miners, which can potentially lead to less downward pressure on Bitcoin's price after the halving event.

### Conclusively

While past halving cycles and associated price rallies offer valuable insights, the 2024 halving introduces a unique blend of factors that could mark a new era for Bitcoin.
With 28 more halving events projected over the next 112 years, the trajectory of Bitcoin adoption and network expansion demands close observation. The recent approval of spot Bitcoin ETFs in the US, less than 90 days ago, has opened up broader access to Bitcoin, adding a new dimension to its market dynamics.
The convergence of institutional and retail interest with regulatory changes and macroeconomic trends underscores the need for a balanced perspective to navigate the evolving Bitcoin landscape. 
Understanding how Bitcoin's scarcity interacts with market demand and how these factors evolve over time will be crucial in assessing the future growth and adoption of Bitcoin.

Explore the impact of Bitcoin's quadrennial halving event, where mining rewards are halved in an effort to increase scarcity and potentially boost prices. This article examines how the past three halvings have influenced Bitcoin's market value and what might be expected in future cycles.







Our blog

Resources and insights

Bitcoin Halving 2024

Roles of Transaction Fees In Cryptocurrencies

Differences Between Coins And Tokens

10 Best Blockchain API Providers for Developers

What is TRON (TRX) and how does it work?

What is Onramp and Offramp?

Permissioned and Permissionless Blockchains

Bitpowr Integrates with Avalanche

Bitpowr Integrates with Arbitrum

Bitpowr Integrates with OP Stack (Optimism x Base)

Bitcoin ETF Why its Matters and What Its Approval Mean

Amazing year at Bitpowr

Programmable Wallets

Bitcoin Halving 2024

Roles of Transaction Fees In Cryptocurrencies

Differences Between Coins And Tokens

10 Best Blockchain API Providers for Developers

What is TRON (TRX) and how does it work?

What is Onramp and Offramp?

Permissioned and Permissionless Blockchains

Bitpowr Integrates with Avalanche

Bitpowr Integrates with Arbitrum

Bitpowr Integrates with OP Stack (Optimism x Base)

Bitcoin ETF Why its Matters and What Its Approval Mean

Amazing year at Bitpowr

Programmable Wallets

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