What is the Bitcoin Halving?
In simple terms, the Bitcoin halving (sometimes called the “halvening”) is an event where the reward for mining new Bitcoin click here blocks is cut in half. This means miners receive 50% fewer BTC for verifying transactions and securing the network.
This event is not decided by any central authority. It is hardcoded into Bitcoin’s protocol by its creator, Satoshi Nakamoto. A halving occurs every 210,000 blocks mined, which roughly translates to once every four years. This process will continue until the maximum supply of 21 million BTC is mined, except around the year 2140.