The halving, which occurred just after 8 p.m. ET on a Friday, marks a programmed reduction in the amount of newly issued BTC. As a result, successful miners are now rewarded with 3.125 BTC per block completed, in addition to network transaction fees. This adjustment in Bitcoin’s software is integral to maintaining its core principle of digital scarcity—a concept championed by the pseudonymous inventor, Satoshi Nakamoto.·
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