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Bitcoin halving is an event that occurs after every 210,000 blocks are mined, or approximately every four years, where the rewards for mining new Bitcoin blocks are cut in half. This reduces the rate at which new Bitcoin are created and, over time, limits the total supply of Bitcoin that will ever be in circulation.
Bitcoin halving is an event that occurs after every 210,000 blocks are mined, or approximately every four years, where the rewards for mining new Bitcoin blocks are cut in half. This reduces the rate at which new Bitcoin are created and, over time, limits the total supply of Bitcoin that will ever be in circulation.
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Halvings are a part of Bitcoin's DNA, embedded in its code by Satoshi Nakamoto, the creator of Bitcoin. Think of it as part of Bitcoin's monetary policy. The purpose is to create a controlled and decreasing supply of new tokens over time, mimicking the extraction of precious metals like gold, for example. This event serves to control inflation.
Historically, halvings tend to put Bitcoin's scarcity in the limelight. It is important to note though that many factors influence Bitcoin's value. Again, this article can help explain the economics behind Bitcoin and the halving event.
No, the Bitcoins you currently hold in your wallet will not be halved or reduced. The halving only affects the rewards for Bitcoin miners.
Bitcoin halving itself does not directly affect transaction fees or processing times.
The halving is generally viewed as a positive event, given the reduced rewards from mining. Essentially, lesser amount of Bitcoin entering circulating supply. However, the anticipation leading up to, and post the halving can drive increased volatility in the price.
