The bitcoin price which had been highly volatile in the run up to yesterday s. Bitcoin successfully went through its third halving yesterday seeing the daily supply of new bitcoin cut by half. There have only been two previous halving events in bitcoin s.
The digital cryptocurrency bitcoin has just experienced a rare event known as halving where the value of unlocking a bitcoin drops. The halving of bitcoin s block subsidy occurs every 210 000 blocks approximately every four years and is a key feature of bitcoin. The halving sometimes referred to as the halvening is the predetermined moment when bitcoin s block subsidy gets cut in half.
Bitcoin halvings will occur once every 210 000 blocks roughly every four years until the maximum supply of 21 million bitcoins has been released. A bitcoin halving is when the reward for mining new blocks is halved meaning miners receive 50 fewer btc for verifying transactions. The world s biggest cryptocurrency s so called halving happens roughly every four.
Bitcoin has just gone through a much hyped adjustment that reduced the rate at which new coins are created. This event also cuts in half bitcoin s inflation. A bitcoin halving event is when the reward for mining bitcoin transactions is cut in half.
Bitcoin is halving on may 11 2020 at around 4 pm est.
