Bitcoin halving is an important process in the Bitcoin network that halves the reward Bitcoin miners receive as a result of adding new transactions to the blockchain. This process occurs every 210,000 blocks, which happens about every four years. Halving reduces the rate at which new bitcoins are put into circulation and helps keep the supply artificially scarce. It is an integral part of the Bitcoin protocol and was introduced by Satoshi Nakamoto, the pseudonymous creator of Bitcoin. Historically, halving has often contributed to a rise in the price of bitcoin as it makes supply scarcer and increases investor interest.
In the past, halvings has always been the first signal for new gains. Optimists are hopeful that the next Halving will lead to Bitcoin’s price jumping significantly above previous record levels – and staying there.
