🎁Bitcoin Halving 💻Event News & Analysis.🚀
📢Bitcoin halving is an event that reduces the supply of newly produced bitcoins by half. Every 4 years Block height increases and the block reward is cut off in half.✂️
✅In November 2012, Bitcoin first halved at the block height of 210000 where the block reward💰was cut in half from 50 to 25 bitcoins. At that time there were already 10.5 million🔎bitcoins in existence.
✅In July 2016, Bitcoin's Second Halving at the block height of 420000 with 15.75🔎million bitcoins in circulation. And the block reward💰cut in half from 25 to 12.5.
✅In May 2020 at the block height of 630000 with 18.375🔎
million of bitcoins in circulation. And the block reward💰 cut in half from 12.5 to 6.25.
⚫️In April 2024 upcoming bitcoin halved, at the block height of 840,000 with 19,031,250🔎million bitcoins in circulation. And the block reward💰cut in half from 6.25 to 3.125.
After that Bitcoin halvings will be occurring every 4 years until roughly the year 2140 when the Bitcoin blockchain reaches the final number of 32 halvings✍️and stops rewarding miners with block subsidies, so they will have to rely solely on the transaction fees.
This post is directly from Adscrypto.
#Bitcon #BinanceLaunchPool🔥 #BitcoinHalvingDrama #BitcoinAwareness #Airdrops
