What is halving of bitcoin

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What is Bitcoin Halving? Explained by CoinGecko
Every four years, Bitcoin reduces the number of new coins that are earned by miners in a process called halving. A bitcoin halving (sometimes 'halvening') is an event where the reward for mining new blocks is halved, meaning miners receive 50% fewer bitcoins for. A Bitcoin halving event is when the reward for mining Bitcoin transactions, along with its inflation rate, is cut in half.

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You can learn more about the standards we follow in producing accurate, unbiased content in our editorial policy. Richard Baker, CEO of miner and blockchain services provider TAAL Distributed Information Technologies, points out that miners may shift transaction processing power away from BTC once the next halving occurs as they seek more transaction fees elsewhere to make up for lost Bitcoin revenue. Legal notice Privacy policy Terms and conditions Cookie policy. One Trading February 2,