$BTC Halving
#Write2Earn #w2e #BullRun2024 #OnTheWay
One of the most pivotal events on Bitcoin's blockchain is a halving, when the reward for mining is cut in half. Since 2020, the network participants validating transactions have been awarded 6.25 bitcoins (BTC) for each block successfully mined.
The next halving is expected to occur in early-to-mid 2024, when the block reward will fall to 3.125. Over time, the impact of each halving will diminish as the block reward approaches one satoshi.
Poin:
- A Bitcoin halving event occurs when the reward for mining Bitcoin transactions is cut in half.
- Halvings reduce the rate at which new coins are created and thus lower the available amount of new supply.
- Bitcoin last halved on May 11, 2020, resulting in a block reward of 6.25 BTC.
- The final halving is expected to occur in about 2140 when the number of bitcoins circulating will reach the theoretical maximum supply of 21 million.
sc:
investopedia.com
