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29/01/2024

The impact of halving on the blockchain industry 🪙

"I should have mined BTC..." - is what a person in 2012 would have said.

At a time when there were no cryptocurrency activity and trading, all many people knew was that they could mine BTC and sell it.

But few knew about the existence of halving. This is the halving of the reward for mining. With bitcoin, it happens every four years.

And if in the beginning the reward was 50 BTC, now it is only 6.25 BTC.

➡️ When Satoshi Nakamoto launched BTC in 2009, he immediately put 2 fundamental conditions into the protocol:

• BTC issuance is limited, the volume of coins must be 21 million BTC.

• Every 210,000 blocks the remuneration for miners is reduced by exactly 50%.

➡️ What will happen to BTC after the halving in 2024?
The value has increased many times since previous halwings. For example, after the first halving of miners' rewards, the price of the coin gave 1,000x, and after the second one 33x.

And by the way, the upcoming halving will take place in exactly April 2024...

Put a reminder on your calendar and don't miss this event!

❔ Where do you think Bitcoin will go after the halving

Inside ✅

29/01/2024

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