READY FOR HALVING?
The next bitcoin halving will likely occur in April of this year, and the event will reduce the reward that miners receive for validating and adding new blocks to the blockchain by 50%.
The halving occurs approximately every four years, or after every 210,000 blocks are mined. The last halving occurred in 2020, when the block reward was reduced from 12.5 bitcoin to 6.25 bitcoin.
The next halving will occur after the mining of approximately 840,000 blocks, leading to a further reduction in the block reward from the current 6.25 BTC to 3.125 BTC per block. This mechanism is programmed into the bitcoin protocol and is intended to control the supply of new bitcoins, making it more scarce over time.
