Anatomy of the Halving Part 4: The Ripple Effect: Bitcoin’s Halving and Its Influence on Adoption
The Bitcoin halving, a predetermined feature of Bitcoin’s underlying protocol, occurs approximately every four years, or after 210,000 blocks have been mined. The halving reduces the reward for mining new blocks by half, thereby diminishing the rate at which new bitcoins are created and introduced into circulation. The halving is a core mechanism designed to enforce Bitcoin’s scarcity, a key attribute contributing to its value proposition as “digital gold.”