According to data from the Bitcoinblockhalf website relayed by BlockBeats on December 24, we are less than 120 days away from the next Bitcoin halving event. The predicted date for this significant occurrence is April 22, 2024.
During a halving event, the reward for mining Bitcoin blocks is cut in half, hence the term "halving". This event takes place approximately every four years or after every 210,000 blocks are mined. For the upcoming 2024 event, the block reward is expected to decrease from the current 6.25 bitcoins to 3.125 bitcoin.
