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Title: A summary on Upcoming Bitcoin Halving- Specially for Newbies. Post by: Sohyun Park on February 06, 2020, 05:40:33 PM What is Bitcoin Halving?
Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving. Video for basic explaining on- Bitcoin Halving 2020 | Bitcoin Halving Effect on Price | BTC Price Prediction 2020 https://www.youtube.com/watch?v=GNFMIXNW48I Bitcoin Block Reward Halving countdown based on Average Daily Block Time https://bravenewcoin.com/data-and-charts/bitcoin-halving Previous Bitcoin Halving https://i.imgur.com/7NopptN.png Sources: https://coinswitch.co/news/bitcoin-halving-2020-bitcoin-halving-explained-read-more https://bravenewcoin.com/data-and-charts/bitcoin-halving |
