Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

Halving bitcoin is also known as "Halvening," a programmed reduction in the reward coins created for the miners by a predefined blockchain algorithm. Bitcoin halvings occur roughly every four-four years, or roughly every 210,000 block transactions.

The cycle of bitcoin halving started in 2012, approximately after 4 years of bitcoin development , i.e. 2008, but in fact bitcoins came into service in 2009. The block bonus of 50 bitcoins per transaction was reduced to 25 bitcoins per block or transaction after the first bitcoin halving, later this reward was further reduced to 12.5 and will now fall to 6.25 after halving in 2020.

Bitcoin Halving: Definitive Guide (In Just 5 Minutes) #infographic

infographic by: winbtc.net

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