Bitcoin Halving
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The "halving" of Bitcoin refers to the halving of the block reward that miners receive for adding a block to the Bitcoin blockchain. This event occurs every 210,000 blocks, or roughly every four years, and serves to cut in half the amount of new
Bitcoin that is generated and released into circulation. The first Bitcoin halving took place on November 28, 2012, and the most recent one occurred on May 11, 2020. The purpose of the halving is to ensure that the total supply of
Bitcoin grows at a predictable and controlled rate, rather than being subject to uncontrolled inflation.
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