Bitcoin Cryptoart - The Halving (18
Bitcoin Cryptoart - The Halving (18
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Bitcoin Cryptoart - The Halving (18" x 24" Framed)

$ 695.95

SIZE

18" x 24" Framed

DESCRIPTION

Cryptoart merges art with digital currency like Bitcoin. Each hand-created art piece works like a piggy bank to safely store and visually enjoy digital currency. It is the ultimate collectible for any Bitcoin enthusiasts. "The Halving" was created by artist Christina Hess in celebration of the 2016 Bitcoin Halving. "The Halvening" (as some call it) is an event that occurs approximately every four years and signifies a reduction in the rate in which new bitcoin is released. In July of 2016, the amount of bitcoin released in each new block dropped from 25 to 12.5. Since new blocks are generated on average every ten minutes, this represented a significant reduction in the dilutive effect of new bitcoin. 75% of all bitcoin that will ever be created were released by this point. The central element of this art piece is a rendition of the tally stick - an ancient device used to record debts between two parties. A stick was marked to signify the debt, then broken and given to each party. The larger half was given to the creditor and the short end given to the debtor. Similar to the private-key to public-key relationship of cryptography, only one pair could be combined to verify the debt. In this regard, tally sticks represent sound money by not contributing to fractional reserve banking. Edition sizes: 18" x 24": 45, 24" x 30": 35
  • Artist: Christina Hess
  • Currency: Bitcoin
  • Pre-loaded amount: None. You can add more anytime.
  • Limited edition giclée published on Hahnemühle museum quality paper with archival inks
  • Certificate of Authenticity included
Artist: Christina Hess

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