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Bitcoin Halving Plan in April 2024 what is this??
Bitcoin halving is an event programmed into the Bitcoin protocol that occurs approximately every four years. During a halving, the reward that miners receive for verifying transactions and securing the network is cut in half. This reduction in block rewards helps control the supply of Bitcoin, ultimately influencing its scarcity and potentially affecting its price. The halving mechanism is designed to gradually decrease the rate at which new Bitcoin is created, with the aim of reaching the maximum supply of 21 million coins.
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