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Grass

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Listing

-

20

Oct#GrassAirdrop

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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.

Share

it

with

your

friends

📍

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