What is #bitcoin halving?

#bitcoinhalving is a scheduled event where the block reward for mining new #bitcoinsis cut in half. This happens roughly every four years, or after every 210,000 blocks are mined. The total supply of bitcoins is capped at 21 million, and halvings are a way to gradually release this supply into circulation.

The next bitcoin halving is expected to occur in April 2024(approximately 44days). After the halving, the block reward will decrease from 6.25 #bitcoin to 3.125 #bitcoins.

Halvings are significant events for #bitcoin miners and investors. For miners, it means they will earn less #bitcoin for their work. For investors, it could lead to an increase in the price of bitcoin, as the supply of new coins becomes more scarce.