What is the Bitcoin Halving?

  What is the Bitcoin Halving?

Do you know anything about Bitcoin?, 

but are you surprised when its price goes up, double, triple, or even tenfold, at the same time it goes down?

If you have asked yourself this question, you are a wise person, because Bitcoin is a currency that many people do not understand how it works. 

There is a big secret or a big veiled issue, which is Bitcoin Halving, so what is Bitcoin Halving? 

What is the Bitcoin Halving?

In general, "Bitcoin Halving" plays a major role in the ebb and flow of bitcoin currency.

Bitcoin Halving: is an event that happens every four years, to reduce the rewards received by "bitcoin miners". 

You still don't understand, do you? 

In order to better understand what the "Bitcoin Halving" is, we must first understand who the bitcoin miners are, known as "Bitcoin Miners". 

What Are Bitcoin Miners? 

In order to earn bitcoin, one must solve math puzzles and riddles, and while solving these puzzles two things happen: 

• To create a new currency 

• To record, verify and verify the authenticity of transactions 

"Bitcoin Miners" or bitcoin miners, in general, are the parties that do this work, by solving these mathematical puzzles, and as a reward they get Bitcoin.

So, the Bitcoin Halving is the halving of the reward that bitcoin miners get when they solve the puzzles in front of them, every four years. 

Now do you understand why the price of bitcoin goes up like crazy, every four years? 

This bifurcation occurs every four years, and at the time you are reading this article, it has occurred for the 5th time.

Bitcoin Halving Status:

• After bitcoin was founded, the reward that bitcoin miners received after solving the puzzle was "50 Bitcoin" 

• In 2012, it became “25 Bitcoin”, which means that the reward decreased by 50%. 

• In 2016, it became “12.5 Bitcoin” • In 2020, it became “6.25 Bitcoin” 

• Now in the year 2024, it becomes “3.125 Bitcoin"