Bitcoin halving is an event built into the Bitcoin protocol that happens every four years. During this event, miners' rewards for validating transactions and protecting the Bitcoin network are half. This significantly slows the rate at which new bitcoins are generated. When Bitcoin was launched in 2009, miners were rewarded with 50 bitcoins for each successfully mined block. In 2012, the first halving event occurred, lowering the prize to 25 bitcoins every block. The second halving occurred in