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Let's know about Bitcoin halving.

mahmudul01 - 2024-04-09 10:06:00



Assalamu Alaikum





How are you all? Today I will discuss with you Bitcoin Halving. I am young and have very little experience so please excuse any mistakes.

![istockphoto-1331999260-612x612.jpg](https://cdn.steemitimages.com/DQmShEatnDWKiG7kzvrao2ptkt6bp6WmpMtUiUzLtUcDadt/istockphoto-1331999260-612x612.jpg)
[Source](https://www.istockphoto.com/en/vector/bitcoin-halving-2024-vector-illustation-gm1331999260-414975551)
Bitcoin halving is when the reward for Bitcoin mining is halved and it happens at least every four years.
The halving policy was introduced in Bitcoin's mining algorithm to combat inflation while maintaining a deficit.  In theory, a slowdown in bitcoin issuance means the price will rise if demand stays the sameAt the moment, Bitcoin's inflation rate is 1.75%, which will further halve.” That looks pretty good compared to the 4.1% annual inflation recorded for 2023, said David Weisberger, CEO of trading platform CoinRoutes.
"Bitcoin's scarcity of production defines its limits, and when rewards decrease, supply decreases. "At a time when supply is limited, increasing demand has a positive effect on value, making bitcoin attractive to investors," said IRA Chief Operating Officer Chris Kline.  can lift."

![istockphoto-1485785805-612x612.jpg](https://cdn.steemitimages.com/DQmc5uARoFef2EM5sE3Q5VA42WVXPjeuFTRbhxxaBKbdQrf/istockphoto-1485785805-612x612.jpg)
[Source](https://www.istockphoto.com/en/vector/mining-cryptocurrency-bitcoin-gm1485785805-511684689)
How does bitcoin halving work?
A decentralized network of validators verifies all Bitcoin transactions in a process called mining.  They are paid 6.25 BTC when they verify the first transaction block, using complex math to add it to the Bitcoin blockchain as part of its proof-of-work mechanism.
At current bitcoin prices, 6.25 BTC is worth around $410,000 until March 2024, a decent incentive for miners to add blocks of bitcoin transactions.
These blocks of transactions are added roughly every 10 minutes, and the Bitcoin code dictates that the reward for miners is halved after every 210,000 blocks are created.  This occurs roughly every four years during a period that is often accompanied by higher Bitcoin price volatility.
Today's discussion ends here.  I hope you find it interesting and able to understand.  Share your thoughts on today's topic.  Wishes and blessings to all. 

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Thanks for Reading