“Bitcoin Halving, Explained” (CoinDesk)
According to Blockworks Bitcoin halving is expected to take place on or around April 20.
CoinDesk has published a useful guide to understanding this four-year phenomenon, “Bitcoin Halving, Explained.”
“The Bitcoin halving, which is also known as “the halvening,” is the name for one of the most hotly anticipated events in Bitcoin’s history.
In May 2020, the number of bitcoin (BTC) entering circulation every 10 minutes – known as block rewards – dropped by half, from 12.5 to 6.25. It’s a milestone that was easy to see coming because it happens every 210,000 blocks (approximately every four years) and had happened twice before 2020.
The allure of possible riches is what draws so much attention to these events. The number of new bitcoin entering circulation shrinks, but demand should, in theory, stay the same, possibly driving up the bitcoin’s price. And so the event has inspired passionate debate about bitcoin price predictions and how the market will respond.” (CoinDesk)
