#HotTrends 👉 #BitcoinHalving When will it happen and what does it mean for the price? #TrendingTopic:

📣 As bitcoin's price reaches new heights, attention is turning to its upcoming "HALVING" and whether it is playing a role in its ascent. ✨ Depending on where you sit, the halving is a vital event that will burnish bitcoin's value as an increasingly scarce commodity, or nothing more than a technical change talked up by speculators to inflate its price. But what exactly is it, and does it really matter?

👉WHAT IS IT?

♦️ The #HalvingHorizons is a change in bitcoin's underlying blockchain technology, designed to reduce the rate at which new bitcoins are created.

🌐 #Bitcoin was designed from its inception by its pseudonymous creator Satoshi Nakamoto to have a capped supply of 21 million tokens.

✨ Nakamoto wrote the halving into bitcoin's code and it works by reducing the rate at which new bitcoin are released into circulation. So far, about 19 million tokens have been released.

♦️HOW DOES IT HAPPEN?

♻️ Blockchain technology involves creating records of information - called 'blocks' - which are added to the chain in a process called 'mining'.

👉 Miners use computing power to solve complex mathematical puzzles to build the blockchain and earn rewards in the form of new bitcoin

✍️ At the halving, the amount of bitcoin available as rewards for miners is cut in half. This makes mining less profitable and slows the production of new bitcoins.

♦️WHEN WILL IT HAPPEN?

✨ There is no set date, but it is expected to take place in late April. The blockchain is designed so that a halving occurs every time 210,000 blocks are added to the chain. This means it happens roughly every four years.

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