What is halving?

Basic information

In the case of Bitcoin, miners confirm transactions on the Bitcoin blockchain and are rewarded with Bitcoins. As a result, a certain number of new coins is released. The maximum number of bitcoins is 21 million and will never be more. To meet this limit, the number of Bitcoin miners receive for confirming transactions is halved. This process is called halving and occurs approximately once every four years.

👉 Whole Charlie’s CryptoDictionary

Previous

Previous Logo
Sorry, no more definitions.

Next

Next Illustration
Sorry, no more definitions.
t>