All About Bitcoin Halving

Every four years, the number of Bitcoins that are distributed to the miners as rewards are cut in half. Due to the law of supply and demand, as price increases, people are willing to supply more and demand less, and vice versa when the price falls. Banks print more money for reaching specific economic goals, but this will cause inflation over time. However, Bitcoin aims to achieve a deflationary process via halving events since there will be less and less of it as time passes. Bitcoin halves its block reward in every 210,000 blocks, and with each block taking 10 minutes to be solved, it makes the halving event happen in almost four years.
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