Every 4 years on average (210K blocks) the reward granted to Bitcoin miners for adding a block to the blockchain is cut in half. The Bitcoin halving
Since the halving basically cuts the supply of new BitcoinBitcoin1$ 77,295.840.18%-6.01%-15.89%details in half, many believe this event will have a dramatic effect on Bitcoin’s price.
That’s the Bitcoin halving in a nutshell. If you want a more detailed explanation Halving keep on watching, here’s what I’ll cover:
0:46 Bitcoin mining in a nutshell
1:21 What is Bitcoin halving?
1:37 Halving timeline
2:07 Why halve the mining reward?
3:30 Does the halving affect Bitcoin’s price?
4:33 Bitcoin’s scarcity
4:54 Conclusion