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What Is Bitcoin Halving? Definition, How It Works, Why It MattersWhat 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

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
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