What is Bitcoin Halving?
What?
It's a predefined process in the Bitcoin protocol that reduces by half the reward miners receive for validating and securing transactions on the Bitcoin network.
When?
This event occurs approximately every four years or after a certain predetermined number of transaction blocks have been mined (roughly every 210,000 blocks).
Why?
The main goal of the halving is to control inflation and maintain the Bitcoin supply limited, contributing to its scarcity and potentially impacting its market value.
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