By slowing btc creation, it restricts bitcoin supply over. The exact date is difficult to predict as it depends on block height being reached, but it is estimated to happen around april.
Nakamoto wrote the halving into bitcoin’s code and it works by reducing the rate at which new bitcoin are released into circulation. Bitcoin halving is important in limiting bitcoin’s supply and theoretically supporting its price.
The 2024 Bitcoin Halving Event Occurred On 04/20/2024.
This halving period — or epoch —.
So Far, About 19 Million Tokens.
The current block reward is 6.25.
Images References :
Et, The Bitcoin Network Successfully Underwent Its Programmed Reduction In Newly Issued Btc.
The fourth bitcoin halving occurred on friday at a little after 8:09 p.m.
Bitcoin Recently Underwent Its Fourth Halving In April 2024, Sending Its Inflation Rate To Just 0.85%.
The third halving was at block height 630,000 in may 2020 and the fourth halving took place at block height 840,000 in april 2024.
