With 2024 witnessing a halving event, here’s your guide to how it works and why it matters. Bitcoin halving is when the reward for bitcoin mining is cut in half.
At the time, the reward for each block of mined bitcoin was cut in half from 6.25 btc to 3.125 btc. The bitcoin halving of 2024 looms large in the dynamic crypto market and captures the attention of bitcoin enthusiasts and global investors alike.
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