CryptoHolic Posted March 19 Share Posted March 19 Bitcoin Halving is an important event in the Bitcoin ecosystem, occurring every 210,000 blocks mined (approximately every 4 years). During this event, the reward for Bitcoin miners is halved, leading to a scarcity of Bitcoin and affecting its value. The Bitcoin issuance schedule described in the original Bitcoin White Paper was announced by Satoshi Nakamoto in 2008. This schedule included halving the rate of new Bitcoin creation every 210,000 blocks mined. Since Bitcoin was born in 2009, there have been four Halvings: 2012, 2016, 2020 and 2024. The most recent Bitcoin Halving event took place in May 2024, marking the 4th halving event. This Halving reduced the Bitcoin block reward from 6.25 BTC to 3,125 BTC. The Bitcoin Halving schedule is pre-programmed into the Bitcoin protocol and cannot be changed by anyone. This ensures transparency and trust in the Bitcoin system. The next Halving is expected to take place in 2028. The Bitcoin Halving schedule is designed to ensure the increasingly scarce supply of Bitcoin, contributing to boosting its value in the long term. The Bitcoin Halving event attracted media and public attention, leading to an increase in interest in Bitcoin and other cryptocurrencies. Countdown Halving Bitcoin 2024 is attracting the attention of investors and the cryptocurrency community. Many believe that this event will lead to an increase in the price of Bitcoin in the future. Link to comment Share on other sites More sharing options...
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