Satoshi intended to keep the average time for a block to 10 minutes. He even referred 10 minutes block on bitcoin whitepaper. The difficulty is modified every 2016 blocks to maintain about that block average.
Halving occurs every 210K blocks. i.e. 2.1 million minutes, that corresponds to 1458 or 1459 days. That is 3+-1 days short of 4 years.
Topic: is it a coincidence that... (Read 562 times)
is it a coincidence that halving occur in a leap year? i was thinking about this for a moment...
I believe that it was just coincidence yet the first halving happened wayback in 2012 and then we do know that i do takes another 4 years for another halving.Satoshi never intended to align the halving event with a leap year but well who knows right?
These are the leap years we would experience which is totally the same the halving year of bitcoin.
https://kalender-365.de/leap-years.php
is it a coincidence that halving occur in a leap year? i was thinking about this for a moment...
I was too curious and looked about it. It seems the halving occurs in about a few months short of 4 years.
The bitcoin was launched on the starting days of 2009 and the next halving came on late 2012, the date came a little earlier on 2016 and even earlier on 2020. So, it can be expected that next halving would be even earlier. That way, in a couple of more halving, halving date would come earlier than a leap year.
is it a coincidence that halving occur in a leap year? i was thinking about this for a moment...
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