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The Bitcoin Halving Process




What Is Bitcoin Halving?

To control the inflation of bitcoins as more and more are mined, there is a protocol programmed into the blockchain that reduces the miner’s reward by 50% for verifying transactions. Miners have an incentive for mining new Bitcoin blocks and adding them to the available world-wide chain of the cryptocurrency. There will only ever be 21 million Bitcoins available. Hence, as more and more are mined, they become more precious, thus solving the supply and demand problem.


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