Every 4 years on average (210K blocks) the reward granted to Bitcoin miners for adding a block to the blockchain is cut in half. The Bitcoin halving was designed by Satoshi Nakamoto to keep Bitcoin’s inflation in check.
That’s the Bitcoin halving in a nutshell. If you want a more detailed explanation Halving keep on watching, here’s what I’ll cover:
0:46 – Bitcoin mining in a nutshell
1:21 – What is Bitcoin halving?
1:37 – Halving timeline
2:07 – Why halve the mining reward?
3:30 – Does the halving affect Bitcoin’s price?
4:33 – Bitcoin’s scarcity
4:54 – Conclusion
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