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Introduction to the Bitcoin Block Reward Halving

What is the Bitcoin Halving?    As part of Bitcoin’s coin issuance, whenever a block is produced (~ every 10 minutes) a miner is rewarded with a certain amount of Bitcoins. This reward incentives miners to contribute to the bitcoin network infrastructure. Approximately every four years, or more accurately every 210,000 blocks, the block reward is halved. This is called the Bitcoin Halving.   For the first four years of Bitcoins existence, 50 bitcoins were awarded to a miner for every block mined. The first bitcoin block reward halving happened in 2012, where the reward dropped to 25 Bitcoin. The second Bitcoin…

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Introduction to the Bitcoin Block Reward Halving