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Author: Admin | 2025-04-28
8 min read ▪ by La Rédaction C. The halving is a periodic event that occurs every four years on the Bitcoin blockchain. It consists of halving the rewards given to Bitcoin miners, who are responsible for the mining of bitcoins. The halving is a highly anticipated event in the crypto universe, but what exactly does it entail? How important is it? And when will the next halving take place?What is Bitcoin Halving?The term “halving” is an English word that literally means halving. That’s exactly the definition of Bitcoin halving, which consists of reducing by half the rewards in BTC awarded to miners during the mining of each block. By reducing the amount of BTC created over time, it helps keep inflation under control.The term “halving” is specifically designed for Bitcoin, but it can apply to other cryptocurrencies using Proof-of-Work (PoW). Indeed, other crypto-assets can be mined and thus serve as rewards for miners. But the system may not necessarily be the same as Bitcoin. Some cryptocurrencies, for example, plan a reduction of miner rewards by 10% per year.Why a halving every four years?Bitcoin halving occurs every 210,000 blocks. On average, a new block is created approximately every ten minutes, so the halving occurs about every 4 years. The phenomenon is therefore periodic and automatic, as the halving is coded in the crypto-asset’s source code. Rewards are automatically halved when the halving occurs.Here’s a look at the halvings Bitcoin has experienced:1st halving: November 28, 2012;2nd halving: July 9, 2016;3rd halving: May 11, 2020.In reality, there is no known reason for choosing four years that might have been explained by Satoshi Nakamoto. While some believe it is simply an arbitrary decision by the creator, others argue it is a well-thought-out choice.Indeed, the fact that the halving occurs every four years makes it a highly publicized event that creates speculative bubbles on Bitcoin regularly. It also allows miners to gradually adapt to changes and improvements regarding Bitcoin.How does Bitcoin mining work?The maximum number of bitcoins that will be in circulation is set at 21 million. As of January 26, 2023, there were
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