Bitcoin Halving

What is Halving?

Bitcoin Halving is an event that occurs approximately every four years and prevents coin inflation while halving the reward for miners for a mined block.

Why is it important?

One of the most important features of Bitcoin is that it has a fixed supply of 21 million coins. After all of them are received, further mining will become impossible. This makes the nature of BTC scarce - which differs the asset from fiat currencies, which are printed regularly. Controlling inflation is one of the reasons why everyone expects Bitcoin to progressively increase in value.

Has Halving happened before?

Up to this point, two halvings has already taken place: November 28, 2012 and July 9, 2016. The price for one BTC was ≈$12 during the first halving, and during the second one - the cost of the coin was ≈$650. In total, 32 halvings are embedded in the mathematical model of Bitcoin. After the last one happens, the creation of new coins will be impossible, thus achieving the maximum supply of Bitcoins.