education

141050 Views
3819
75
99Bitcoins
594K subscribers
bitcoin halvingbitcoin whiteboard tuesdaybitcoin halving explainedbitcoin halving 2020bitcoin halving historybitcoin halving pricewhat is bitcoin halvingbitcoin halving schedulebitcoin halving price predictionbitcoin halving 2020 price predictionbitcoin halving 2020 pricebitcoin halving predictionbitcoin halving 2019bitcoin halving 2016

Bitcoin Halving Explained Simple - Does it Affect Bitcoin's Price?

January 30, 2018 5:33 307

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 A Bitcoin halving event is when the reward for mining bitcoin transactions is cut in half. A Bitcoin halving event is when the reward for mining bitcoin transactions is cut in half.Learn more was designed by Satoshi Nakamoto to keep Bitcoin’s inflation in check.

Since the halving basically cuts the supply of new BitcoinBitcoin (btc)1$ 62,642.92-0.75%-5.60%9.67%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

Eager to learn more?

terms expanding the topic

[gravityform id="1" title="false" description="false" ajax="true"]