Exploring The Backstory of Bitcoin Halving

Edmundrauscher93@02 Feb, 2023Business

The Bitcoin Halving is an event that will put a cap on the number of bitcoins that will ever exist. The Bitcoin Halving is a process that occurs every 210,000 blocks on the blockchain. It?s part of a larger problem with cryptocurrencies: the total amount of Bitcoins will be capped at 21 million. So, when miners solve a block, they receive 12.5 bitcoins and this amount halves every 210,000 blocks until there are only 6.25 bitcoins left per block.