Viacoin Block Reward Halving happened !
Reward per block: 0.3125 $VIA
Reward per block: 0.3125 $VIA
So when will we hit 23million?
And what happens next? Hashrate down to almost zero?
you might as well have asked "what will happen when bitcoin hits 21million"
you should read up on how real crypto works,
where do you think transaction fees go, etc
In short, once block reward stops with cryptocoins, the network is hopefully so busy by that time that the transaction fees are high enough to keep mining interesting.
I have no clue how this coin (or any coin for that matter) works in general, but does the transaction fee really go to the miners? Or is it sent elsewhere, maybe to an address owned by the developers?
Maybe I'm mistaken but I always thought that transaction fee and miner rewards are two totally different things, and that miner rewards are created out of thin air, otherwise how can there be coin inflation?
Of course you can program this in every way you want, to know what is really going on you have to examine the source-code in detail and that is something I never did.
Hoi Joost (you're Dutch right?)
That assumption is correct. I would recommend to read up a bit on it, because you're really asking very basic questions which are just a matter of putting a little bit of effort in (being inquisitive is good as long as your questions are about insight, otherwise it just seems a bit lazy). I would recommend reading this article on transaction fees: https://blog.blockchain.com/2016/12/15/bitcoin-transaction-fees-what-are-they-why-should-you-care/ (If you end up not being Dutch, I'm sorry for being so direct
)You are right in stating that I'm Dutch.
What I mean that things holding for Bitcoin doesn't necessarily have to hold for another coin like VIA.
It is not very difficult to build a coin by slightly modifying bitcoin core and give the coin a totally different behavior, everybody with basic understanding of C++ and public key cryptography can do this. The only way to determine how a coin really works is by examining the source of the specific coin, and yes I'm too lazy to do this because it doesn't interest me enough.
