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BITCOIN HALVING What Is Bitcoin Halving? Bitcoin halving is an event programmed into the Bitcoin protocol. It occurs approximately every four years or after every 210,000 blocks are mined. At its core, Bitcoin halving is an integral part of the cryptocurrencyā€™s design, intended to control its supply and maintain its value over time. How It Works: The Bitcoin Halving is when Bitcoinā€™s mining reward is split in half. The blockchain network takes about four years to open 210,000 more blocks, a standard set by the blockchainā€™s creators. This reduction in rewards continuously reduces the rate at which new Bitcoins are introduced. The first reward was 50 Bitcoin. Previous halving dates were: Nov. 28, 2012, to 25 Bitcoin July 9, 2016, to 12.5 Bitcoin May 11, 2020, to 6.25 Bitcoin The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC. #btc #education #themoon $BTC $ETH $BNB
BITCOIN HALVING

What Is Bitcoin Halving?

Bitcoin halving is an event programmed into the Bitcoin protocol.
It occurs approximately every four years or after every 210,000 blocks are mined.

At its core, Bitcoin halving is an integral part of the cryptocurrencyā€™s design, intended to control its supply and maintain its value over time.

How It Works:

The Bitcoin Halving is when Bitcoinā€™s mining reward is split in half.

The blockchain network takes about four years to open 210,000 more blocks, a standard set by the blockchainā€™s creators.
This reduction in rewards continuously reduces the rate at which new Bitcoins are introduced.

The first reward was 50 Bitcoin.

Previous halving dates were:
Nov. 28, 2012, to 25 Bitcoin
July 9, 2016, to 12.5 Bitcoin
May 11, 2020, to 6.25 Bitcoin

The next halving is expected to occur in April 2024, when the block reward will fall to 3.125 BTC.

#btc #education #themoon

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