Halving

Halving is a programmed event in Proof of Work cryptocurrencies like Bitcoin, where the block reward given to miners is reduced by 50%. It occurs approximately every four years to control the issuance of new coins and mimic the scarcity of precious resources. Halving events often lead to reduced supply and are speculated to trigger price increases due to increased scarcity. They are key milestones in a coin’s economic model and attract significant attention from traders and long-term investors alike.