13 june 2024
How does bitcoin halving work and why is it important
Bitcoin is not just a digital currency, but a real revolution in the world of finance and technology. One of the most important events in its life is halving. This is a process during which the reward for mining Bitcoin is halved, and it occurs about once every four years. Halving has a profound effect on the Bitcoin economy, affecting its scarcity, inflation, and even its price. In this article, we will take a closer look at what halving is, how it works, and why it is so important for all cryptocurrency market participants. Basics of the Bitcoin network: how the BTC blockchain works To understand what halving is, it is important to understand the basics of the Bitcoin network. Bitcoin transactions are grouped into blocks that are protected by the mining process. Miners use powerful computers to solve complex...