What Is Bitcoin Halving? Definition, How It Works, Why It Matters
What is a ‘Bitcoin halving’ and what happens on the network?A Bitcoin halving is a condition set in Bitcoin’s protocol that requires the Bitcoin block reward to be cut in half every 210,000 blocks or approximately every 4 years. The most recent Bitcoin halving event took place in May 2020The halving event of the block reward occurs automatically once a block with a certain number in the Bitcoin blockchain has been minedThe purpose of halving is to decrease the quantity of new coins entering the