Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

Halving bitcoin is also referred to as "Halvening," a programmed reduction in the reward coins generated by a predefined blockchain algorithm for the miners. Bitcoin halvings occur approximately once every four-four years, or approximately every 210,000 block transactions.

The process of bitcoin halving started in 2012, approximately after 4 years of production of bitcoin i.e. 2008, but actually bitcoins came into operation in 2009. Following the first bitcoin halving, the block incentive of 50 bitcoins per transaction was reduced to 25 bitcoins per block or transaction, later this reward was further reduced to 12.5 and will now fall to 6.25 after halving in 2020.

Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

infographic by: winbtc.net

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