What is Bitcoin Halving? Its Importance and effects

[Coin_Gabbar]

The available supply of fiat currencies fluctuates under the watchful eye of national central banks, whereas the total amount of Bitcoin is fixed and immutable. Even though Bitcoin is a digital currency, it cannot be generated indefinitely. Bitcoin maintains its inflation rate and scarcity with the help of two concepts.

First and foremost, there will only ever be 21 million bitcoins. Second, every four years, the quantity of new bitcoin added to the network will be cut in half. This second idea is known as halving. In this process, the Bitcoin system automatically decreases the number of new coins released with each new block. Let’s have a detailed look at it.
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