As we all know, Bitcoin is a decentralized digital currency that operates on a blockchain, where transactions are verified by network nodes through cryptography. An important feature of Bitcoin is the “halving” process, which occurs approximately every four years and reduces the block reward given to miners by half.
This mechanism controls the rate of new Bitcoin creation, ensuring its scarcity and deflationary nature, similar to precious metals like gold.
The next halving is expected in 2024. Historically, Bitcoin has experienced significant price fluctuations, with notable milestones often occurring around halving events.
This week Bitcoin hit an all-time high.
