What Is the Bitcoin Halving,

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Bitcoin halving is an event that occurs approximately every four years (or every 210,000 blocks mined) that reduces the reward that miners receive for verifying transactions and adding new blocks to the Bitcoin blockchain by half. This halving process is a critical part of Bitcoin's economic model and serves several key purposes:

Inflation Control: By reducing the rate at which new bitcoins are introduced, the halving event helps control inflation and mimics the extraction of a precious resource which becomes harder to obtain over time.

Supply Cap: Bitcoin has a capped supply of 21 million coins. Halving ensures that the creation of new bitcoins slows down as we approach this limit, with the last bitcoin expected to be mined around the year 2140.

Impact on Bitcoin’s Price: Historically, halvings have tended to lead to increased Bitcoin prices over time. The common explanation is the basic economic principle of supply and demand: as new coins become more scarce, and if demand remains constant or increases, the price per coin may go up.

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