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What is Bitcoin Halving? - US Economy

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Definition of Bitcoin Halving

Definition of Bitcoin Halving

Definition of Bitcoin Halving

Bitcoin halving is a pre-programmed event that occurs approximately every four years, Bitcoin Halving is when Bitcoin's mining reward is split in half, reducing the block reward for miners by half.

This mechanism reduces the rate at which new Bitcoin enters the circulating supply, It takes the blockchain network about four years to open 210,000 more blocks

What are Bitcoin halving dates?

Previous halving dates were:

- First reward was 50 BTC.

- Nov. 28, 2012, to 25 BTC.

- July 9, 2016, to 12.5 BTC.

- May 11, 2020, to 6.25 BTC.

- April 2024, when the block reward will fall to 3.125 BTC.

As of March 2024, about 19.65 million bitcoins were in circulation, leaving just around 1.35 million to be released via mining rewards.

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