$BTC In Former Times ✖️!!!
⚜️Bitcoin halving is an event programmed into Bitcoin's code that occurs approximately every four years. It involves a reduction in the reward for miners who validate transactions on the network by half. This reduction is significant because it affects the rate at which new bitcoins are created. The purpose of halving is to control inflation and ensure the scarcity of Bitcoin over time, mirroring the scarcity of precious metals like gold. The first halving occurred in 2012, reducing the reward from 50 to 25 bitcoins per block. The second halving occurred in 2016, reducing the reward from 25 to 12.5 bitcoins per block. The third halving occurred in 2020, reducing the reward from 12.5 to 6.25 bitcoins per block. Each halving has historically been associated with increased attention to Bitcoin and has had an impact on its price due to the reduced supply of new bitcoins entering the market.
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