. Bitcoin halving cycles
The process of the 4-years cycle mechanism is that it decreases the rate at which new Bitcoins are created, ensuring a steady supply in circulation. Bitcoin halving schedule is set to four years and occurs every 210,000 blocks, the reward for mining new blocks is cut in half, from 50 to 25 to 12.5 and so on.
Halving cycles are designed to keep inflation low and maintain the value of Bitcoin over time. This helps ensure that miners have incentive to continue supporting the network, and helps protect against market manipulation or hoarders accumulating more than their fair share of coins.
