Bitcoin Undergoes its Fourth Halving: What It Means for the Future
Bitcoin, the leading cryptocurrency by market capitalization, has successfully completed its fourth halving event, a significant milestone that has seen the reward for mining a block slashed in half from 6.25 to 3.125 BTC. This programmed event, set to occur every 210,000 blocks or roughly every four years, not only affects miners by reducing their rewards but also slows down the rate of Bitcoin creation — miners will now produce 450 BTC per day, a sharp decline from the previous average of 900 BTC.
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