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Bitcoin

Bitcoin Halving

 

 

What is Bitcoin Halving?

 

A Bitcoin halving is when block rewards for miners on the Bitcoin blockchain are cut in half to reduce the number of new coins entering the network. The initial Bitcoin block reward was 50 BTC. Currently, the block reward is 6.25 BTC and after the next halving the block reward will be 3.125 BTC.

 

Day: Saturday.
Date: 20/4/2024.
Time: 20:20 Athens Time.

 

A Bitcoin halving helps to manage Bitcoin’s inflation rate by controlling supply, which is fixed at 21 million bitcoins. This mechanism curbs the flow of new coins coming into circulation, ensuring scarcity and avoiding devaluation.

 

Questions and Answers

Are there fees for withdrawing?

The company does not charge any deposit and withdrawal fees.

Glossary

Spike

It is a sudden movement of the price in an upward or downward direction in a short period of time.

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