Halving is a predetermined event that occurs on a blockchain networkA blockchain network is a decentralized system that allows for peer-to-peer transactions. The main components of a blockchain network are... at regular intervals and results in a 50% reduction in rewards for proof-of-work miners. On the Bitcoin blockchainThe Bitcoin blockchain is a shared public ledger that records all bitcoin transactions. It is constantly growing as "completed" blocks..., “halving” is when the rate of new bitcoinOne bitcoin is a unit of the virtual currency called Bitcoin. BTC is the ticker symbol for Bitcoin, and refers... creation is cut in half for every 210,000 blocks mined, or roughly every four years. Halving will continue until all 21 million bitcoins are in circulation.
