The third bitcoin halving is less than a month away.
21+ Bitcoin Halving PNG. Bitcoin and its blockchain are basically a collection of computers, or nodes, around the world that all have bitcoin's code downloaded on them. Essentially, bitcoin halving cuts down the supply of btc, making the asset more scarce.
Planb On Twitter Bitcoin Halving Chart Update 9 Months To Go 2012 Halving T 9 Btc 5 T 0 12 2016 Halving T 9 Btc 314 T 0 627 2020 Halving T 9 Btc 10 100 T 0 Https T Co Oiwngff86a from pbs.twimg.com
When bitcoin first started, 50 bitcoins per block were given as a reward to miners. We do believe that history tends to repeat. What is the bitcoin halving?
After every 210,000 blocks are mined (approximately every 4 years), the block reward halves and will keep on halving until the block reward per block becomes 0 (approximately by year 2140).
Soon, this will become 6.25 btc per block. Nakamoto left clues that they created bitcoin. As of now, the block reward is. For this upcoming bitcoin halving (also known as halvening), the total number of bitcoin mined by miners per block will be reduced from 6.25 btc to 3.125 btc.
