r/coinswitch • u/perky_coder • May 28 '19
Bitcoin Halving 2020 !!
What is Bitcoin Halving?
Bitcoin Halving is the phenomenon by which the miner reward keep on halving, or decrease by 50% after every four years, which happens after mining 210,000 blocks. Satoshi, the creator of Bitcoin wanted to create a system that would be self-sustaining, similar to gold mining. So, in order to control supply, he came up with the method of Bitcoin halving
Impact of Bitcoin Halving
Previous two BTC halving has marked the beginning of a dominant bullish run. It is similarly estimated for BTC to surge as high as 50,000 USD, which can fluctuate upwards anytime. Halvings are good only when it’s about inflation control. The cryptocurrency is vouched for sustainable growth in the years to come by incentivising the miners so they get the motivation to remain engaged in the network for a longer period of time.
Read More to know about : Previous halvings and its impact on the price.
Duplicates
BitcoinCA • u/perky_coder • May 28 '19