𝐁𝐢𝐭𝐜𝐨𝐢𝐧 𝐇𝐚𝐥𝐯𝐢𝐧𝐠 & 𝐇𝐨𝐰 𝐢𝐭 𝐰𝐨𝐫𝐤𝐬?
Bitcoin halving is an event programmed into Bitcoin's protocol that occurs approximately every four years, or after every 210,000 blocks are mined. During this event, the reward that miners receive for verifying transactions on the Bitcoin network is halved. This reduction in the reward incentivizes scarcity, as fewer bitcoins are being generated. As a result, it typically leads to increased demand if demand remains constant or grows, often causing the price of Bitcoin to rise. This phenomenon is based on the principles of supply and demand, where a decrease in supply with stable or increasing demand tends to drive prices higher.
