What is Bitcoin Halving?

Bitcoin is limited to its supply - only 21 million Bitcoin will ever be created to exist. This sets Bitcoin apart from national currencies which can create an unlimited supply; making it a deflationary asset.

In order to 'create' Bitcoin tokens, Bitcoin miners use computing devices to solve an algorithmic puzzle that rewards them with Bitcoin tokens. If you have any questions concerning where and how to use wasabi wallet, you can make contact with us at our site.

The first sum of Bitcoin rewarded, known as the block reward, was 50 Bitcoin (BTC) and could be done using a laptop. At that time, Bitcoin was not worth a lot.

Now, mining Bit-coin is a much more involved process that requires specialized equipment and a lot of energy and electricity. The block reward is also no longer 50 BTC - at the moment, it is only 12.5 BTC.

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