Halving
What is the Bitcoin halving?
The Bitcoin halving, or “the halving," is a recurring event that takes place after every 210,000 blocks mined on the Bitcoin blockchain–or approximately every four years. The Bitcoin halving event is a fundamental aspect of Bitcoin's monetary policy and has a significant impact on the supply of new Bitcoins entering circulation.In simple terms, during the halving, the reward that miners receive for validating and adding new transactions to the blockchain is reduced by half. When Bitcoin was first launched in 2009, miners were rewarded with 50 Bitcoins for each block they successfully mined.
When is the next Bitcoin halving?
The next Bitcoin halving is expected to happen in 2028.
After the Bitcoin halving in 2028, the mining reward to validate Bitcoin transactions will be cut in half, going from 3.125 BTC to 1.5625 BTC per block. This means that after the Bitcoin halving in 2024, miners will be rewarded 1.5625 Bitcoins for each verified transaction block.
