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Arun Sharma | Finance & Investment
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What
is
Bitcoin
Halving
?
The
Bitcoin
Halving
is
when
Bitcoin's
mining
reward
is
split
in
half.
It
takes
the
blockchain
network
about
four
years
to
open
210,000
more
blocks,
a
standard
set
by
the
blockchain's
creators
to
continuously
reduce
the
rate
at
which
the
cryptocurrency
is
introduced.
Previous
halving
dates
were:
Nov.
28,
2012,
to
25
bitcoins
July
9,
2016,
to
12.5
bitcoins
May
11,
2020,
to
6.25
bitcoins
The
next
halving
is
expected
to
occur
in
20th
April
2024,
when
the
block
reward
will
fall
to
3.125
BTC.
A
Bitcoin
halving
event
occurs
when
the
reward
for
mining
Bitcoin
transactions
is
cut
in
half.
Halvings
reduce
the
rate
at
which
new
coins
are
created
and
thus
lower
the
available
amount
of
new
supply.
Bitcoin
last
halved
on
May
11,
2020,
resulting
in
a
block
reward
of
6.25
BTC.
The
final
halving
is
expected
to
occur
in
2140,
when
the
number
of
bitcoins
circulating
will
reach
the
theoretical
maximum
supply
of
21
million.
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