A Bitcoin halving ?is the regular halving of miner rewards on the Bitcoin blockchain, and this happens after every 210,000 blocks (approximately four years).? The first of which happened in 2012, and the next will occur in 2024.
On Bitcoin’s network, nodes are responsible for storing data and completing the complex computational workloads required by the Proof of Work consensus mechanism.
Only twenty-one million bitcoins can be mined (approximately two million remain unmined). Every time approximately 200,000 extra coins are mined, the quantity of Bitcoin rewarded to miners is halved to control inflation.
?
Q: What is Bitcoin Halving?
A: is the regular halving of miner rewards on the Bitcoin blockchain
Knowledge provider：0xeddb693aaba0076ee0de3c822ae56d5c760e89b3
KNOW TO EARN is committed to building the world’s largest blockchain knowledge base and blockchain training academy. Through the interesting form of answering questions, more people can participate in the knowledge learning of the blockchain. You can see this knowledge now because there are a lot of people involved and contributing to the creation of blockchain knowledge. You can also be one of them and share up to 20% in bonuses. You dont need to spend any money, just use part of your spare time to participate in the creation of knowledge. Join our Telegram group to learn more.
link: https://t.me/knowtoearn
The content of Know to earn knowledge base is provided by users. If there is any infringement, please contact us to delete it as soon as possible.
Comments