Bitcoin

Bitcoin Havling, price reflection 360k, and product life-cycle

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Overview of Bitcoin Halving, increase after each halving but we also notice increase in Duration.
What is a Bitcoin halving?
New Bitcoins are created on the Bitcoin blockchain as a reward for keeping it running by verifying transactions and adding them to blocks. This process is called mining. The miner who was the first to find a solution to a complex mathematical problem adds transactions to the block and receives a reward that includes a certain fixed amount of newly created Bitcoins, plus fees for transactions included in the block. A new block is added approximately every 10 minutes. Thus, the existing amount of Bitcoins increases by a certain amount every 10 minutes.

Bitcoin halving is an event pre-programmed by the Bitcoin algorithm that cuts the number of new Bitcoins in the mentioned above block reward in half. When Bitcoin was first launched, the block reward was 50 BTC. Given that the halving event has occurred three times since then, the current block reward is 6.25 BTC.

Thus, halving is a slow and predictable process of decreasing the number of newly created Bitcoins that will continue until the influx of new coins into the Bitcoin network is reduced to zero.
When is Bitcoin halving?
Bitcoin halving is an event that is programmed to happen at a certain frequency. And although its exact time can't be predicted in advance, the closer it is, the more accurate the forecast of the date is.

How often is Bitcoin halved?
Bitcoin halvings are triggered not by date but by the length of the Bitcoin blockchain. The Bitcoin algorithm is designed so that a Bitcoin halving event occurs after every 210,000 blocks mined. Considering that one block's addition occurs approximately every 10 minutes, halvings happen roughly every 4 years.

Bitcoin halving 2020
The last Bitcoin halving by the current date took place on 11 May 2020, causing the block reward to fall from 12.5 to 6.25 Bitcoins.

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