Hello bitcoin lovers, I think everyone know what is Bitcoin Halving, but many newbies may not know what Bitcoin halving really is. If you are involved with crypto currency then you need to know about Bitcoin halving. So I want to write it briefly here.
Bitcoin halving place at every 210,000 blocks. As a result, the Bitcoin mining block reward is split in half. Now the reward for each block is 12.5 Bitcoin and after halving it will be 6.25 Bitcoin. It takes four years to get to the 210,000 block. This process will continue until the remaining bitcoin is mined. As long as there is a divide of the Bitcoin mining reward, it will take double time to mine the rest of Bitcoin.One way will be bitcoin halving every four years. When Bitcoin was created, the block reward was 50 BTC per block.
First bitcoin halving: When the first bitcoin halving was happen in 2012, each block was rewarded with 25 BTC.
Second bitcoin halving: Then after bitcoin halving for the second time in 2016, each block was rewarded at 12.5 BTC.
Third bitcoin halving: Bitcoin halving is going to happen third time in 2020. This time each block will be rewarded at 6.25 BTC.
Next Bitcoin halving is not much longer. Countdown to the next bitcoin halving I have added. Which will give everyone an opportunity to know how much time is left for next bitcoin halving. I follow Binance's Bitcoin Halving timer.
