What is Bitcoin Halving?

Bitcoin halving is a built-in feature of the Bitcoin protocol that reduces the number of new bitcoins created and released into circulation. This event happens approximately every four years, and the next halving is scheduled to occur in May 2024. When a block of transactions is added to the Bitcoin blockchain, the miner (or group of miners) who added the block is rewarded with a certain number of new bitcoins. This reward is called the "block reward." In the early…