ABOUT Bitcoin Halving

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Avatar for Shinobi1
4 years ago

We have listned, so many times about a bitcoin halving, so actually what is it or what does mean by the meaning of the bitcoin halving.

So clarifying the knowledge about a bitcoin halving and how is it done than bitcoin halving occurs whenever the block reward or the number of BITCOIN entering circulation whenever a block is produced(approx 10 minutes), is reduced by half.

Well its occurs on schedule built into Bitcoin programming and happens every 210000 blocks. So the purpose being to issue the total supply into the market less frequently over time. So, these will effect on supply and increase the scarcity of Bitcoin.

Bitcoin first started, to give a reward of 50 per block to the miner.But eventually it was down to 25 bitcoin in 2012 when first halving had done. So in these way, whenever the new halving will be occur the per block reward will be reduced to half.

Well halving event will continue until the block reward reaches to zero. So the estimated year that bitcoin halving will successfully end to be around a year of 2140.

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Comments

Thank you for this information. The most important thing is the increase in price as the altcoins will definitely follow the toes of Bitcoin.

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4 years ago

Nice arrticle about bitcoin halving. Wonder how will it affect the price of bitcoin days to come

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4 years ago

Thank you for this post which is informating me about bitcoin halving ! Niceee ! Thank you one more time, very interesting

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4 years ago

Thank you for this information. The most important thing is the increase in price as the altcoins will definitely follow the toes of Bitcoin.

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4 years ago

Yes it will follow but only the genuine and strong vision projects will remain in the future other will be vanished...

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4 years ago

Thank you for the reply. I appreciate it a lot. Actuality, that is what we expect to take shape in nearest future.

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4 years ago

The miner impact has not happened yet but will big time later this year! ETH 2.0 will help too! Stay hodl!

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4 years ago

Well that was a very good information that it would be really helpful to understan about a bitcoin halving

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4 years ago

Yes if we working on a crypto field these kind of things we have to know how these procedure work so i will try my best to put these kind of article

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4 years ago

Well, hope this bitcoin halving will make mitcoin price go up. Waiting for new articules from you ! :)

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4 years ago

Well it had a high chances that it will go up but depends situation of the market plus also its depends on the adoption how huge it will be adopted and it will be usable

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4 years ago

Wow! This is really good information that it would be helpful about bitcoin halving. Hope to see more articles from you. Good luck

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4 years ago