Quote from: bonski on April 22, 2016, 10:45:49 PM

Quote from: hamedfash on April 22, 2016, 10:35:13 PM

Hello, I see many posts here about halving but I want to know what is exactly halving?

This means that miner reward will drop to 12.5 BTC as opposed to 25 BTC in the years 2012 to 2016. The final amount of 21 million bitcoins will have been mined by 2140.
The reason behind that is the necessity to control inflations. Bitcoin at its essence resembles commodities like gold rather than fiat currencies. If a centralized issuer prints too much money, it will devaluate, while the supply of gold is limited, and its mining becomes gradually different over time. Due to its limited supply, gold may retain its properties as an international means of exchange. Bitcoin designers hoped that the cryptocurrency would behave more or less the same.

Thanks for the explanation! I was also wondering