What is Bitcoin Halving?
Bitcoin halving is an event that occurs every 210,000 blocks (approximately every four years) on the Bitcoin network, where the reward for mining a new block is reduced by 50%. This means that the supply of new bitcoins is decreased, which can affect the demand and price of the cryptocurrency. Bitcoin halving is designed to limit the total number of bitcoins that will ever be created, as the maximum supply is capped at 21 million¹.
