#BitcoinHalvingMagic 2024

The amount of new Bitcoins awarded to miners for validating transactions is cut in half at every Bitcoin halving, effectively decreasing the rate at which new Bitcoins are introduced into circulation. During a halving, the reward that miners receive for validating transactions and creating new blocks on the Bitcoin blockchain is cut in half. This reduction in block reward helps control the rate at which new bitcoins are introduced into circulation, ultimately leading to a maximum supply of 21 million bitcoins. Halvings play a crucial role in Bitcoin's economic model, as they contribute to its scarcity and, historically, have had significant effects on its price.

#HotTrends #halving? $BTC