Bitcoin Halving: Redefining Supply Dynamics and Digital Scarcity

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What is Bitcoin halving? Bitcoin halving is a programmed event that occurs approximately every four years. It involves cutting the block reward given to Bitcoin miners in half. This reduction affects the rate at which new bitcoins are produced, shaping the long-term supply schedule of this leading cryptocurrency.

Impact on supply dynamics:

By slowing down the issuance of new bitcoins, halving events play a crucial role in digital scarcity. With a maximum supply cap of 21 million coins, the controlled issuance makes each bitcoin increasingly valuable. This deflationary characteristic sets Bitcoin apart and contributes to its potential as a store of value.