Glossary - ChicksX

Bitcoin Halving is a pre-programmed event cutting miner rewards in half every 210,000 blocks to control supply.

Bitcoin Halving is a scheduled event reducing the reward miners receive for adding new blocks to the blockchain by 50%. Occurring approximately every four years, it happens after every 210,000 blocks mined. Halving reduces the rate at which new bitcoins are created, ensuring a finite supply capped at 21 million. This mechanism helps control inflation and increases scarcity, often impacting Bitcoin's market price. By diminishing the issuance rate, halving contributes to the cryptocurrency's deflationary nature. It plays a crucial role in Bitcoin's economic model, influencing both miners' incentives and market dynamics.