Post
Topic
Board Bitcoin Discussion
Re: Is Bitcoin halving real or just a theory??
by
Wenbing
on 09/07/2020, 15:35:25 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 Halving is a practical principle of bitcoin cryptocurrency and its simply reducing the miners rewards by 1/2 in every four years.

We've had about three halving since the evolution of bitcoin.
1. Bitcoin Halving 2012 (50÷2=25)
2. Bitcoin Halving 2016 (25÷2=12.5)
3. Bitcoin Halving 2020 (12.5÷2=6.25)

This affect the supply side of bitcoin in circulation as scarcity raises it value...