Many people said that the next Bitcoin Halving will going to happen in this coming 24th of May what could be its price can it break $20,000?? Share your prediction in comments below⬇️
What is Bitcoin Halving?
Bitcoin halving is a popular term when the block rewards for a miner start amounting to exactly half of the current block reward.
What is a block reward? A block is a collection of all of the transactions that are yet to be written on the blockchain. A block needs to be verified and cryptographically secured by solving cryptographic puzzles and submitting the proof of work to the Bitcoin network. People and organizations with modern equipment and high hash power are competing with one another to verify the block before it gets written on the blockchain. For maintaining the integrity of blockchain and securing the Bitcoin network, they are awarded with what is called a block reward.