Halving is a scheduled event happening in the Bitcoin ecosystem every four years to maintain a secure and free inflation of BTC in the market in order to reach it total supply in the exact number of years.
The all system is automatic scheduled with no human interference. Back in 2009 Satoshi Nakamoto knew that to have a transparent and secure decentralized financial asset was necessary to avoid inflation of it on the market, and programmed it, so in the first completed 210,000 blocks the miners reward was reduced from 50 BTC to 25 BTC in 2012 in the first Halvening event on the BTC history!
The subsequent one in 2016 cutted the reward from 25 Bitcoins to 12.5 bitcoins, and the coming will be reducing it from the actual to 6.25 bitcoins after it complete 210,000 blocks on the bitcoin chain.
With the halving the supply will be reduce in circulation assuring that the total BTC in circulation reach 21 million of coins by year 2140.
So what about the Price.
Following all the past events the price of BTC saw an incredible increase and the last one reach all time high in $20,000 per unit of the digital asset, but nothing is certain or it will be like a magician pass and bum the price go up, as we know BTC is a high volatile asset and anything can happen.
So let's just wait to see what the event happening in just 1 day and few hours will tell!
#stay home and be protected from COVID-19.
*Also find the article on Uptrennd platform from my authorship here.
