The halving, which cuts the reward bitcoin miners receive for adding new blocks by 50%, occurs every 210,000 blocks - in accordance with the original programming when the blockchain's elusive creator, Satoshi Nakamoto, launched it 2009.
The quadrennial event symbolizes bitcoin's original concept as an autonomous, decentralized network with a monetary policy set by code, distinct from traditional currencies impacted by inflation and government actions.
Collection
[
|
...
]