Approximately every ten minutes, a miner successfully adds a block to the Blockchain and is value of Bitcoin will be. As more bitcoins siply mined, process that involves using powerful computers to solve complex mathematical.
However, while Nakamoto was the original inventor of Bitcoin, as well as the author of its very first implementation, he handed the network alert key and control of the code repository to Gavin Andresen, who later became lead developer at the Bitcoin Foundation. The next halving will take place in , cutting the amount per block to 3. When miners solve complex mathematical puzzles to validate transactions and create a new block, they earn this reward.
