Bitcoin Halving Guide and Its Importance!
Bitcoin halving, also known as "Halvening", refers to a pre-coded event in the Bitcoin protocol that occurs every 210,000 blocks (approximately every four years) that reduces the amount of money miners receive for validating blockchain transactions. award.
This process is designed to control the issuance of new Bitcoins and maintain their scarcity, thus ensuring a limited supply of Bitcoins. Essentially, halving will reduce the rewards given to miners by half, which also means that the difficulty of mining will increase.
Specifically, in the Bitcoin network, a halving event occurs every once in a while (approximately four years). This is because Bitcoin is a decentralized digital currency, and since its initial set currency total is limited, the money supply needs to be controlled in this way. When each new block is mined, the corresponding Bitcoin reward will be only half of the reward before the halving, until eventually all Bitcoins are mined. According to current settings, the final number of Bitcoins will be limited to approximately 21 million.
In addition, it should be noted that as Bitcoin continues to develop and change, more new rules and technical adjustments related to halving may appear in the future. Therefore, investors need to pay close attention to market dynamics and make decisions carefully to avoid potential risks.
