Decoding Bitcoin’s Latest ‘Halving’: Your Essential Guide
Bitcoin recently went through a big change called “halving.” It means the reward for people who create new bitcoins got cut in half. This event happened on Friday night. Even though many were excited about it, the price of bitcoin stayed around $63,907.
Now, people are curious about what happens next. Experts think it might affect how bitcoin miners work every day. But predicting the future of bitcoin is tricky because the market is always changing.
So, what’s this “halving” thing? It’s a rule that says the number of new bitcoins made gets cut in half every four years. Miners use computers to solve tough math problems and get bitcoins as a reward.
Halving means they get fewer bitcoins for their work. And when fewer new bitcoins come out, it slows down how many are available. This is important because there are only 21 million bitcoins ever, and most of them are already made.
Halving happens roughly every four years after miners create a certain number of bitcoin “blocks.” This event can affect how much people want to buy bitcoin and how much it’s worth. But remember, nothing is guaranteed in the world of bitcoin.