What is Bitcoin Halving?
Bitcoin has a limited supply of 21 million coins
To manage its issuance, the Bitcoin network undergoes "halving"
During Bitcoin's halving, the number of new BTCs created per block is reduced to half
This reduction in block rewards impacts the rate at which new Bitcoins are created
To date, the Bitcoin network has undergone two halvings
The first occurred in 2012 when the block reward decreased from 50 to 25 BTCs
The second happened in 2016, reducing the block reward from 25 to 12.5 Bitcoins
Bitcoin's next halving is expected to occur in 2024