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