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Bitcoin

Bitcoin Halving

What is Bitcoin Halving?

A Bitcoin halving is when block rewards for miners on the Bitcoin blockchain are cut in half to reduce the number of new coins entering the network. The initial Bitcoin block reward was 50 BTC. Currently, the block reward is 6.25 BTC and after the next halving the block reward will be 3.125 BTC.

Day: Saturday.
Date: 20/4/2024.
Time: 20:20 Athens Time.

A Bitcoin halving helps to manage Bitcoin’s inflation rate by controlling supply, which is fixed at 21 million bitcoins. This mechanism curbs the flow of new coins coming into circulation, ensuring scarcity and avoiding devaluation.

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