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 cryptocurrencyās design, intended to control its supply and maintain its value over time.
How It Works:
The Bitcoin Halving is when Bitcoinās mining reward is split in half.
The blockchain network takes about four years to open 210,000 more blocks, a standard set by the blockchainās 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.
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