Bitcoin Halving: Countdown to the Next Reduction
Understanding the Halving
Bitcoin's halving is a significant event that occurs every four years and reduces the inflation rate of the cryptocurrency. During these events, the block reward for miners is cut in half, which consequently slows the pace at which new bitcoins are created.
Predicting Halving Dates
Predicting the exact date of the next halving is not an exact science. However, most estimators rely on the average block time of 10 minutes to calculate an approximate date. Since the halving occurs after a specific number of blocks have been mined, the actual date can vary slightly based on fluctuations in block time.
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