99% of people don't know the fact of Bitcoin halving

1. What is halving? The reward for miners is halved for every 210,000 blocks produced. This phenomenon occurs approximately every four years to slow down the issuance of Bitcoin until the total amount reaches 21 million. Currently, more than 19 million Bitcoins have been mined, and less than 2 million are left to be mined. This mechanism was set up by Bitcoin founder Satoshi Nakamoto to make Bitcoin more scarce and avoid flooding like traditional currencies. By 2140, the last Bitcoin will be mined, and no more will be issued. This may lead to a certain deflation, which will push up prices. At that time, miners can only make money from transaction fees.

2. Why is halving so popular? Every time halving occurs in history, the demand for Bitcoin will increase significantly, which directly drives up prices. Halving is also closely related to the bull market cycle of the digital currency market.

3. Is halving always every four years? Although it is usually four years, in fact, this time may be different due to the fluctuation of the computing power of the Bitcoin network. A strong network may delay the halving time.