What is Bitcoin Halving?

What is Bitcoin Halving? ⛏

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🧵Thread👇

since the launch of the Bitcoin blockchain in 2009

miners have been rewarded with 50 BTC for each block mined

then that number was reduced by 2 times as a result of halving

until the current reward 6.25 BTC

In 2024 the fourth halving will take place

after which the reward for miners will be 3,125 BTC

and all hodlers are waiting for the price to pump🤑

Halving is a programmed limitation of the emission of cryptocurrency by reducing the number of new coins mined by miners for each block

Bitcoin halving takes place every 210,000 blocks

approximately every 4 years

each time the reward for the mined block is reduced by 2 times

next halving will take place in the spring of 2024

the exact date depends on the speed of the miners

a complete stop of the emission(21 million Bitcoin) of the first cryptocurrency will occur in 2140

after which miners will be rewarded only in the form of transaction fees

historically

after each halving Bitcoin updated ATH

which is also called a four-year cycle

this price behavior is explained by a decrease in the supply of BTC on the market as a result of a reduction in emission

and demand is growing

because every day more and more people learn about cryptocurrencies and decide to invest in them

This post is based on this twitter thread.