What is the BTC halving?

The Bitcoin halving is a pre-programmed event scheduled to occur every four years or every 210,000 blocks mined on the Layer 1 blockchain.

This year, the upcoming halving will occur at block height 840,000.

During the halving, the rewards for Bitcoin miners to verify transactions and secure the network will be cut in half.

This reduction in mining rewards is intended to control the amount of newly issued BTC in circulation while ensuring that the total supply of Bitcoin remains at a preset upper limit of 21 million.

The first halving occurred on November 28, 2012, four years after the protocol launched in January

2009. At that time, miners' block rewards were reduced from 50 BTC to 25 BTC per block.$BTC $BNB $ETH #BTC🔥🔥🔥🔥 #HotTrends #btcnews