What is BTC HALVING ?
Bitcoin halving is an event that occurs approximately every four years in the Bitcoin network. During a halving event, the reward that miners receive for successfully mining a new block is cut in half. This reduction in block rewards is programmed into the Bitcoin protocol and serves to control the rate at which new bitcoins are created, ultimately leading to a maximum supply of 21 million bitcoins.
The first Bitcoin halving occurred in 2012, reducing the block reward from 50 bitcoins to 25 bitcoins per block. The second halving occurred in 2016, reducing the reward further to 12.5 bitcoins per block. The most recent halving took place in May 2020, reducing the reward to 6.25 bitcoins per block. This process will continue until the maximum supply of 21 million bitcoins is reached, which is estimated to occur in the year 2140.
Less Supply - High Demand = Higher Price
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