BTC_HALVING_AND_ITs_HISTORY
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#BTC_HALVING_AND_ITs_HISTORY
BTC halving refers to the process by which the reward for mining new blocks on the Bitcoin blockchain is halved. This event occurs approximately every four years and is programmed into the Bitcoin protocol to control the supply of new bitcoins. It's a significant event because it reduces the rate at which new bitcoins are created, thus impacting the inflation rate of the cryptocurrency.
The BTC halving has occurred several times since Bitcoin's inception in 2009. The first halving took place in November 2012, reducing the block reward from 50 bitcoins to 25. The second halving occurred in July 2016, decreasing the reward from 25 bitcoins to 12.5. The most recent halving happened in May 2020, reducing the reward from 12.5 bitcoins to 6.25. Each halving event is programmed to occur approximately every four years, with the aim of gradually reducing the issuance of new bitcoins until the maximum supply of 21 million coins is reached. Recent BTC halving is expected on 20 April, 2024. These halving events are closely monitored by the cryptocurrency community due to their potential impact on supply, demand, and ultimately, the price of Bitcoin. .
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BTC halving refers to the process by which the reward for mining new blocks on the Bitcoin blockchain is halved. This event occurs approximately every four years and is programmed into the Bitcoin protocol to control the supply of new bitcoins. It's a significant event because it reduces the rate at which new bitcoins are created, thus impacting the inflation rate of the cryptocurrency.
The BTC halving has occurred several times since Bitcoin's inception in 2009. The first halving took place in November 2012, reducing the block reward from 50 bitcoins to 25. The second halving occurred in July 2016, decreasing the reward from 25 bitcoins to 12.5. The most recent halving happened in May 2020, reducing the reward from 12.5 bitcoins to 6.25. Each halving event is programmed to occur approximately every four years, with the aim of gradually reducing the issuance of new bitcoins until the maximum supply of 21 million coins is reached. Recent BTC halving is expected on 20 April, 2024. These halving events are closely monitored by the cryptocurrency community due to their potential impact on supply, demand, and ultimately, the price of Bitcoin. .
#Write2learn
#write2earn🌐💹
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Galaxy's tweet and report on the Bitcoin halving event echo Satoshi's words: "The root problem with conventional currency is all the trust that's required to make it work. The central bank must be trusted not to debase the currency, but the history of fiat currencies is full of breaches of that trust." - Satoshi Nakamoto, Feb. 11, 2009.
On April 20, 2024, Bitcoin will undergo its fourth halving on block number 840,000.
Satoshi Nakamoto programmed the halving feature in Bitcoin as a countermeasure to the continuous debasement of fiat currencies.
“The root problem with conventional currency is all the trust…
— Galaxy (@galaxyhq) April 17, 2024
In its report, Galaxy stated that Satoshi programmed the halving function on Bitcoin as a countermeasure to the ongoing debasement of fiat currencies, which prompted the reflection on this particular Satoshi Nakamoto comment.
#BTCHalvingApril2024 #BTCHALVING. #BTC_HALVING_AND_ITs_HISTORY #SatoshiNakamoto #write2earn🌐 $BTC
On April 20, 2024, Bitcoin will undergo its fourth halving on block number 840,000.
Satoshi Nakamoto programmed the halving feature in Bitcoin as a countermeasure to the continuous debasement of fiat currencies.
“The root problem with conventional currency is all the trust…
— Galaxy (@galaxyhq) April 17, 2024
In its report, Galaxy stated that Satoshi programmed the halving function on Bitcoin as a countermeasure to the ongoing debasement of fiat currencies, which prompted the reflection on this particular Satoshi Nakamoto comment.
#BTCHalvingApril2024 #BTCHALVING. #BTC_HALVING_AND_ITs_HISTORY #SatoshiNakamoto #write2earn🌐 $BTC
