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Bitcoin Halving Explained Simple - Does it Affect Bitcoin's Price?The on-chain transaction processing capacity of the bitcoin network is limited by the average block creation time of 10 minutes and the original block size. We show that a Bitcoin mining pool could improve its effective hash rate by up to %. These conclusions further incentivize the centralisation of the mining. In this paper we analyze how Bitcoin uses a multi-hop broadcast to propagate transactions and blocks through the network to update the ledger replicas. We then.