Every four years, on halving day, the quantity of new bitcoins created is halved. This means that the reward given to contributors who secure the network is reduced by 50%, directly impacting the rate at which new bitcoins are released into circulation.
What is a halving?
A halving, also known as a halving, is an event that occurs every 210,000 blocks (approximately every 4 years) for the Bitcoin (BTC) blockchain. During a halving, the BTC reward awarded when mining each block is divided by 2.
The main goal of this halving is to keep inflation under control by reducing the amount of bitcoins that are created over time. This event being periodic and known, it is in no way random.
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