Bitcoin halving refers to the "halving" of the rewards obtained through mining. Whenever the Bitcoin blockchain generates 210,000 blocks, the number of Bitcoins generated by each block will be halved. It takes an average of 4 years to mine these 210,000 blocks, which means that Bitcoin halving will occur approximately every four years. Since its birth on January 3, 2009, the first Bitcoin halving occurred on November 28, 2012, the second on July 9, 2016, and the third on May 11, 2020.

When Bitcoin's father "Satoshi Nakamoto" designed Bitcoin, he determined a fixed supply to distinguish it from legal currencies such as the US dollar. According to the rules in the Bitcoin protocol code, the total amount of Bitcoin can only be 21 million. Bitcoin experts believe that the last Bitcoin is expected to be mined around 2140.

It is reported that one of the original intentions of Bitcoin's design was to become a deflationary asset, that is, its value will continue to increase over time. Therefore, in order for Bitcoin to become a deflationary asset, the Bitcoin rewards received by miners must decrease over time, thereby limiting the total supply of Bitcoin.

Currently, miners who win each block in the mining competition will receive a reward of 6.25 Bitcoins. After the fourth halving in April this year, the reward will drop to 3.125 blocks. The original reward for each block was 50 Bitcoins. #比特币减半 #ETHFI🔥🔥🔥