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There are several bitcoin pools that distribute and broadcast unspent transaction outputs.
433 Mining
Each bitcoin transaction has a transaction fee required to broadcast the transaction to the network. The fee is currently 25 ¤ per transaction in the reference client. As of 2018[update], network-wide mining fees account for more than half of the total supply.[citation needed]
434 Block reward
The block reward is 50 bitcoin for a block mined by a network participant. On average, this reward is distributed to miners every 10 minutes. The total supply of bitcoin is limited to 21 million, so the block reward, once spent, will not be repeated. It is planned that in the long term, the block reward will become 50% of the total supply.: 218 The block reward will halve every 4 years when the total supply is reduced by half.
Bitcoin uses proof of work to verify new blocks. The proof of work is the computational cost in hashing to create a new block. A reward is given to the miner that solves the proof of work.: 218 In 2016, the difficulty was increased to 7000.
The reward was halved to 25 bitcoin for mining a block in 2016. The first block that reward was halved generated on 18 August 2009, and rewarded an amount of 49 bitcoins.: 218
435 Alternative cryptocurrencies
Bitcoin shares many design principles with other alternative cryptocurrencies, such as Namecoin and Litecoin. Unlike bitcoin, these alternative cryptocurrencies use proof of work in proof of stake by requiring users to solve puzzles and can run either with or without a central repository of records.: 218
User-submission of transactions are verified by block validation, which includes double-spend prevention and preventing double-issuance of coins.: 218
Bitcoin clients and servers
440 Bitcoin clients
Bitcoin clients allow users to create and participate in the bitcoin network.: 217
441 Bitcoin servers
Bitcoin servers, also known as bitcoin fullnodes, are those computers that follow the software and protocol of the bitcoin network and verify bitcoin transactions. Bitcoin fullnodes are one of the most important network participants, as they protect the network from double spending by serving as an independent checks and balances.: 217�
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