Bitcoin completes its third halving in history
The cryptocurrency fulfilled the most anticipated event of this 2020, where the btc block rewards went from 12.5 btc to 6.25 btc
The bitcoin cryptocurrency finally completed halving, its third in history, which lowered the block reward from 12.5 btc to 6.25 btc.
This event, which occurs once every four years, occurred in the afternoon hours of this Monday. At the time of writing this note, the cost of the cryptoactive is $ 8,911.68, showing an upward trend.
Since the first bitcoin block was generated in 2009, there have been three halving events. Taking place once every 210,000 mined blocks, or approximately once every four years. A halving of the digital asset reduces the reward per mined block by 50%. The first halving event took place in 2012, going from 50 BTC to 25 BTC. The second halving took place in 2016, with the reward dropping from 25 BTC to 12.5 BTC.
According to estimates, this event should continue until the year 2140 or until the cryptocurrency reaches its 21 millionth token.
Halvings have been moments of price predictions and speculation since the beginning. Like the previous ones, the impact is expected to be positive and bitcoin reaches a new all-time high.
K. Tovar
Source: Cointelegraph
