The Bitcoin Halvening is just 100 days away

Every 210,000 Bitcoin blocks or approximately every 4 years, the number of new Bitcoins created every day gets cut in half. Called the Halvening—in Bitcoin jargon—the event is going to take place in less than 100 days. This event is what allows Bitcoin to maintain its supply cap at 21 million while also supplying the necessary rewards for miners for securing the network.

Currently, 1,800 Bitcoins are mined every day. This will be cut to 900 daily after this next halving event.

Though people argue that designing this event into the code is what has pushed Bitcoin prices to new highs, this event was built into the Bitcoin protocol by Satoshi Nakamoto.

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Every 210,000 Bitcoin blocks or approximately every 4 years, the number of new Bitcoins created every day gets cut in half. Called the Halvening—in Bitcoin jargon—the event is going to take place in less than 100 days. This event is what allows Bitcoin to maintain its supply cap at 21 million while also supplying the necessary rewards for miners for securing the network.

Currently, 1,800 Bitcoins are mined every day. This will be cut to 900 daily after this next halving event.

Though people argue that designing this event into the code is what has pushed Bitcoin prices to new highs, this event was built into the Bitcoin protocol by Satoshi Nakamoto.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

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Every 210,000 Bitcoin blocks or approximately every 4 years, the number of new Bitcoins created every day gets cut in half. Called the Halvening—in Bitcoin jargon—the event is going to take place in less than 100 days. This event is what allows Bitcoin to maintain its supply cap at 21 million while also supplying the necessary rewards for miners for securing the network.

Currently, 1,800 Bitcoins are mined every day. This will be cut to 900 daily after this next halving event.

Though people argue that designing this event into the code is what has pushed Bitcoin prices to new highs, this event was built into the Bitcoin protocol by Satoshi Nakamoto.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More like this

ICP Holds Its Ground Against Bitcoin, But True Decoupling...

The ICP versus BTC chart over the past four and a half months tells a story that...

When the Noise Drops, Builders Stay: A Bitcoin DeFi...

Bear markets have a way of stripping crypto back to its essentials. Hype drains out, timelines quieten,...

$CRYPTOBURG Tops Bitcoin’s Fungible Tokens on ODIN•FUN

ODIN•FUN has emerged as the leading platform for the Bitcoin-based fungible token $CRYPTOBURG, which has reached a...

Every 210,000 Bitcoin blocks or approximately every 4 years, the number of new Bitcoins created every day gets cut in half. Called the Halvening—in Bitcoin jargon—the event is going to take place in less than 100 days. This event is what allows Bitcoin to maintain its supply cap at 21 million while also supplying the necessary rewards for miners for securing the network.

Currently, 1,800 Bitcoins are mined every day. This will be cut to 900 daily after this next halving event.

Though people argue that designing this event into the code is what has pushed Bitcoin prices to new highs, this event was built into the Bitcoin protocol by Satoshi Nakamoto.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More like this

ICP Holds Its Ground Against Bitcoin, But True Decoupling...

The ICP versus BTC chart over the past four and a half months tells a story that...

When the Noise Drops, Builders Stay: A Bitcoin DeFi...

Bear markets have a way of stripping crypto back to its essentials. Hype drains out, timelines quieten,...

$CRYPTOBURG Tops Bitcoin’s Fungible Tokens on ODIN•FUN

ODIN•FUN has emerged as the leading platform for the Bitcoin-based fungible token $CRYPTOBURG, which has reached a...