Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin halving real or just a theory??
by
Charles-Tim
on 01/07/2020, 09:13:20 UTC
According to coindex, https://www.coindesk.com/bitcoin-halving-explainer

Bitcoin halving is an antcipated event in the cryptocurrency world that takes place every 4 years. Basically halving the total amount of Bitcoin in circulation.

Is this real or just a theory? Taking into consideration that people are falling back to cryptocurrency during this hard time in the world.
Share your thoughts!
Bitcoin was created by Satoshi, he made it a deflationary digital currency and make it work using an algorithm in which it halves in every 210,000 blocks, anytime miners have mined 210,000 blocks, bitcoin will halve in which the supply will halve as well as miners reward will also halve. As to maybe is a theory, bitcoin has halved three times before after every 210,000 blocks are mined.