34 DAYS left For halving OPEN your Eyes Before it's Too late lets Understand halving .
we all going to witness The biggest bull run of crypto world
the biggest alt season is coming Soon .
Bitcoin halving is an event that occurs in the Bitcoin network where the reward for successfully mining new blocks is halved at regular intervals. A halving event lowers the reward Bitcoin miners receive for validating transactions by 50%,slowing the rate at which new Bitcoins enter the market. Halving happen every 210,000 blocks that are mined,which happens roughly every four years and will continue until 2140 when the 32nd halving will occur. By then, Bitcoin will have hit its maximum supply, at which point miners will only be rewarded through transaction fees paid by users as an incentive for confirming transactions.
When Bitcoin launched,the mining reward for each block was 50 BTC & over 10.5 million BTC were mined within four years.The reward has since been reduced to 6.25 BTC after three successful halvings.
The halving is one of the most significant concepts of Bitcoin tokenomics (the economic principles and processes that regulate the behaviour and value of a cryptocurrency), as it assures a progressive flow of Bitcoin into the market while keeping the maximum supply at 21 million. As of this writing, 19.53 million BTC (93%) have been mined, leaving just 1.47 million BTC to be mined in the next 116 years.
The first Bitcoin halving was in 2012
November 28, 2012, halving, which reduced the Bitcoin block reward from 50 to 25 BTC, the price of one BTC shot up from $12 to $1,032 (more than 8,500%) in less than a year.
The second Bitcoin halving in 2016
When the 420,000th block was mined, the Bitcoin block reward was cut in half again, to 12.5 BTC. Bitcoin was trading at $651 at the time
Bitcoin experienced a free fall just a few weeks after the halving. However, this was merely a pause before an rise, as the price of one bitcoin reached an all-time high of $20k
and last bull run in 2020 we all knows what happened .
