What is Bitcoin Halving?

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Bitcoin has a limited supply of 21 million coins

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To manage its issuance, the Bitcoin network undergoes "halving"

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This reduction in block rewards impacts the rate at which new Bitcoins are created

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To date, the Bitcoin network has undergone two halvings

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The first occurred in 2012 when the block reward decreased from 50 to 25 BTCs

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The second happened in 2016, reducing the block reward from 25 to 12.5 Bitcoins

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Bitcoin's next halving is expected to occur in 2024

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