The Bitcoin Halving is an event in the Bitcoin protocol that occurs approximately every four years. It is when the block reward that miners receive for mining blocks is reduced by half. This means that the supply of new Bitcoin being mined into existence is reduced, which is intended to control inflation and maintain a stable supply of Bitcoin.
The first Bitcoin halving occurred in 2012, where the block reward was reduced from 50 BTC per block to 25 BTC per block. The second halving occurred in 2016, reducing the reward to 12.5 BTC per block. The most recent halving occurred on May 11, 2020, reducing the block reward to 6.25 BTC per block.
The halving event is often seen as a bullish event for Bitcoin as it reduces the supply of new Bitcoin entering the market, increasing scarcity and potentially driving up the price. However, this is not a guaranteed outcome and Bitcoin's price is influenced by many other factors. #Bitcoin
Kai / oldmantravel
npub1m0…ckmkh
2023-04-10 15:59:23
Author Public Key
npub1m0ypw9hht5y0qpnq6yan9um7zfxf57egy0x5w0kc8l57wuxn49pq0ckmkhSeen on
wss://nos.lolPublished at
2023-04-10 15:59:23Event JSON
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"content": "The Bitcoin Halving is an event in the Bitcoin protocol that occurs approximately every four years. It is when the block reward that miners receive for mining blocks is reduced by half. This means that the supply of new Bitcoin being mined into existence is reduced, which is intended to control inflation and maintain a stable supply of Bitcoin.\n\nThe first Bitcoin halving occurred in 2012, where the block reward was reduced from 50 BTC per block to 25 BTC per block. The second halving occurred in 2016, reducing the reward to 12.5 BTC per block. The most recent halving occurred on May 11, 2020, reducing the block reward to 6.25 BTC per block.\n\nThe halving event is often seen as a bullish event for Bitcoin as it reduces the supply of new Bitcoin entering the market, increasing scarcity and potentially driving up the price. However, this is not a guaranteed outcome and Bitcoin's price is influenced by many other factors. #Bitcoin ",
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