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Bitcoin has undergone three halvings – in 2012, 2016, and 2020. Initially, miners received 50 BTC per block; this reward has since diminished to 6.25 BTC as of the last halving. These events are not just technical milestones but pivotal moments that redefine Bitcoin's economic landscape. The halving process will continue until around 2140, when the maximum supply of 21 million Bitcoins is expected to be reached.$BTC #bitcoinhalving #Megadrop #write2earn🌐💹
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BITCOIN HALVING
What is bitcoin halving?
The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
The first reward was 50 bitcoin. Previous halving dates were:
Nov. 28, 2012, to 25 bitcoinsJuly 9, 2016, to 12.5 bitcoinsMay 11, 2020, to 6.25 bitcoins
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.
Source: Investopedia
Image source: bitget
#bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 $BTC
The Bitcoin Halving is when Bitcoin's mining reward is split in half. It takes the blockchain network about four years to open 210,000 more blocks, a standard set by the blockchain's creators to continuously reduce the rate at which the cryptocurrency is introduced.
The first reward was 50 bitcoin. Previous halving dates were:
Nov. 28, 2012, to 25 bitcoinsJuly 9, 2016, to 12.5 bitcoinsMay 11, 2020, to 6.25 bitcoins
The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.
As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.
Source: Investopedia
Image source: bitget
#bitcoinhalving #BTC🔥🔥🔥🔥🔥🔥 $BTC
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