Day 7 of #GuessTheBinancePic Answer

Answer: Bitcoin Halving

Bitcoin halving is a prescheduled event where the reward for mining and verifying new blocks is reduced by 50% and miners earn only half the number of BTC per mined block. Scheduled to take place every 210,000 blocks, or approximately every four years, Bitcoin halvings continue until the network has produced the maximum total supply of 21 million BTC.

Learn more: https://www.binance.com/en/events/bitcoin-halving 

Score points with every correct answer, and unlock bonus points for streaks, speed, and creative #GuessTheBinancePic posts! Top 50 with the highest points win the share of $500!