Bitcoin Halving: Scarcity Shockwaves And Miner Resilience
Bitcoin halving: a phrase that sends ripples of anticipation throughout the cryptocurrency world. More than just a technical event, it's a cornerstone of Bitcoin's design, scarcity model, and long-term value proposition. This guide will delve into the intricacies of Bitcoin halving, explaining what it is, why it matters, its historical impact, and what to expect in the future.
What is Bitcoin Halving?
The Basics Explained
Bitcoin halving is a pre-programmed event that occurs roughly every four years (or every 210,000 blocks mined). During halving, the reward given to Bitcoin miners for verifying and adding new transactions to the blockchain is cut in half. This reduction directly impacts the rate at which new bitcoins are introduced into circulation.
For example:
Pre-2012 (Genesis Block): ...