The Bitcoin halving looms large on the horizon. This significant technical event, encoded in Bitcoin's core protocol, occurs roughly every four years. Simply put, it entails cutting the rewards for Bitcoin miners in half.
The primary objective is to slow down the rate at which new Bitcoin enters circulation. With a cap of 21 million Bitcoin, the halving serves to enhance scarcity, thereby potentially driving up its value.
Historically, previous halving events have heralded substantial surges in Bitcoin prices, often reaching new record highs. However, the landscape appears distinct this time around.
No comments:
Post a Comment