#BTC The date of the next Bitcoin split is expected to occur in April 2024. During this split, the Bitcoin mining reward will be split in half. It takes the blockchain network about four years to unlock an additional 210,000 blocks, a standard set by blockchain creators to continually reduce the rate of cryptocurrency input.

The first reward was 50 Bitcoin. The previous division dates were determined as follows:

The next fork is expected to occur in April 2024, when the block reward will decrease to 3,125 BTC.

By March 2024, there were about 19.65 million bitcoins in circulation, leaving only about 1.35 million to be issued via a mining reward.

To understand the Bitcoin fork, you must first know how the Bitcoin network works. Bitcoin's underlying blockchain technology relies on a network of computers (known as nodes) that run Bitcoin software and contain a partial or complete record of transactions that occur on their network. Each full node contains the complete history of transactions on Bitcoin and is responsible for approving the transaction in the Bitcoin network. To do this, the node performs a check to ensure the validity of the transaction. These include ensuring that the transaction contains the correct verification parameters and does not exceed the required length.

Each transaction is approved individually. This is done only after the approval of all parties