The #bitcoin halving is only 200 days away.
But what does this mean and why is it important! ?
If your unsure take a read through this !
After the network mines 210,000 blocks roughly every four years the block reward given to Bitcoin miners for processing transactions is cut in half.
This event is called halving because it cuts the rate at which new bitcoins are released into circulation in half.
What Happens When Bitcoin Halves?
The term "halving" as it relates to Bitcoin concerns how many tokens are rewarded. This acts as a way to simulate diminishing returns, theoretically intended to raise demand.
The Bottom Line.
Bitcoin halving cuts the rate at which new bitcoins are released into circulation in half. The rewards system is expected to continue until the year 2140, when the proposed 21 million limit for bitcoin is reached.
Why is the halving so important & why was us created?
Conventional FIAT currencies allow governments or banks to print money and cause inflation.
In Bitcoin's case, the total supply will be maxed out at 21,000,000 BTC. Printing extra money causes inflation, if there is no extra money printed, the value of the Bitcoin should increase as the demand will rise (more people will start to use Bitcoin) and supply will lower or stay flat (no more Bitcoins are "printed"). This makes Bitcoin similar to gold, which has limited supply and cannot be "printed" or artificially created
