Website for the second Bitcoin Halving
What is Bitcoin?
Bitcoin is a digital money – no coins, no bills, only online numbers.
One of Bitcoin's numerous particularity is that we know that in the end, only 21 millions bitcoins will be created, so that it keeps value. At the moment, new bitcoins are created everyday – but this will stop one day.
How are Bitcoins created?
Whenever a bitcoin transaction is made, this transaction is recorded to a digital public ledger called a blockchain.
This is Larry giving a bitcoin to Paul :
Their transaction is written in a block, with other transactions.
Those transactions are validated by people that are called miners. Whenever a miner validates a block, he is rewarded by a few newly created bitcoins.
What is the Bitcoin Halving?
Every 210,000 blocks mined, the reward you get by mining a block is divided by two, which reduces Bitcoin inflation. This event is called the bitcoin halving – "the halvening" for the bitcoin nerds.
Bitcoin is a virtual money – it’s generated by miners – regularly the amount of btc generated by minors is divided by two, that's what is Bitcoin Halving.
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Bitcoin halving !