What is bitcoin halving – and will it affect the price?

Satoshi Nakamoto, the pseudonymous creator of bitcoin, still has an influence on the cryptocurrency nearly 14 years after disappearing.

This week the protocol designed by Nakamoto – an individual or group of individuals who went silent in December 2010 – will trigger what is known as a “bitcoin halving”, a process that has coincided with price increases in the past. The latest halving is expected to take place on Saturday.

Here we explain what the bitcoin halving entails and its potential impact.

What is bitcoin halving?

It is related to how bitcoins are recorded and created. Transactions in the cryptocurrency are recorded on a universally accessible ledger called a blockchain. These transactions are put on the blockchain by “miners” who pack them into blocks that are then linked – or “chained” – together. They do this by solving a cryptographic puzzle using specialised hardware and – this is the key bit – receive a reward in newly created bitcoins.#Megadrop #bitcoinhalving #WIF #sui #SHIB $BTC $ETH $USDC Follow me :)