💸 There are less than 12 hours left until the fourth Bitcoin halving.
📌 Here is a small Q&A on Halving:
- What is a halving?
Halving is an automated process in Bitcoin network and as a result of it’s each run, the reward for confirming a set of Bitcoin transactions (a Block) is halved.
- What does this reward look like in numbers?
Initially, 50 bitcoins were allocated for the successful confirmation of each block; then — 25 bitcoins; then — 12,5 bitcoins; today it’s — 6,25 bitcoins, and from now on, for the confirmation of the same block, a validator (a Miner) will take — 3,125 bitcoins.
- Has something similar happened before?
Yes, such event occurs after every 210,000 block confirmations, once every four years. The previous halving years looked like this: 2012, 2016, 2020, and now, 2024 is due.
- Why is halving so important?
As a rule, each halving is accompanied by a positive activation of the crypto world, an increase in the price of Bitcoin, investment in crypto projects, etc.
- Is this all expected on the day of Halving?
No, initial changes can be observed in the vicinity of halving, but usually such activities reach their peak several months after halving.
Happy Halving to everyone! 😍
