LIVETHE HALVING and BULL RUN / days 1 : what is the halving?
Halving refers to a pre-programmed event that occurs in certain blockchain networks, such as Bitcoin and Litecoin. It is a fundamental aspect of these cryptocurrencies' protocols and plays a crucial role in controlling the issuance of new coins and managing the overall supply.
In the case of Bitcoin, for example, a halving event occurs approximately every four years or after every 210,000 blocks have been mined. During this event, the mining rewards given to miners for successfully validating transactions and adding them to the blockchain are reduced by half. Initially, when Bitcoin was launched in 2009, the block reward was 50 BTC. Eg: The first halving, which took place in 2012, reduced the reward to 25 BTC per block.