What is Bitcoin Halving?
Bitcoin Halving is the amount of coins miners get to add new transactions to the blockchain cut in half.
How Bitcoin Halving Works?
Halving bitcoin functions like this, the incentive for mining new blocks is halved, meaning miners earn 50 percent fewer bitcoins to validate transactions. It is done by restricting the supply of new coins because if the demand stays high, prices will increase.
Although this has happened in the months before and after previous halves causing the price of bitcoin to rapidly appreciate the circumstances around each halving are different and demand for bitcoin will fluctuate widely as it always has a fair number of times.
When is Bitcoin Halve done?
There is no specific date when a block will cut in half the reward for mining; it has been said to depend on the mining of the 210,000th block since the last half. That said, the first half occurred in 2012, the second half was in 2016 and the last half occurred in May 2020.