Halving Calendar
The process where the reward for mining new blocks is cut in half. This event occurs automatically as it is hard-coded into the network's protocol.
What is Halving in Simple Terms
Halving is a key mechanism in a cryptocurrency's algorithm that cuts the mining reward in half. This process occurs at predetermined intervals and is designed to control inflation, reduce the rate at which new coins are issued, and maintain scarcity. The Bitcoin halving is particularly significant: it happens every 210,000 blocks, approximately every four years, reducing the reward by half. The halving slows down the rate at which new bitcoins are created. The reward will continue to be halved until the final, 21-millionth token is mined, which is estimated to occur around the year 2140. These events increase the network's complexity and can influence the cryptocurrency's price. In Bitcoin's history, the halving has always been a precursor to an increase in value, making it a key event that investors watch closely.