What is Bitcoin Halving? Explained by CoinGecko

Roughly every four years, the block reward given to Bitcoin miners for processing transactions is cut in half!

This event is referred to as halving because it cuts the rate at which new bitcoins are released into circulation. This is Bitcoin's way of enforcing synthetic price inflation until all bitcoins are released.

Links Mentioned:

Chapters
00:00 - Intro
00:31 - What is Bitcoin Halving?
02:05 - What does this mean for BTC?
02:32 - What happens next?

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#crypto #cryptocurrency #bitcoin #halving #network #mining

[cecilechau]

Halving means decreases in mining rewards, thus decreases in supply, driving up price. The purpose was for security control.

[mickeydrago]

I just hope I can check the price of Bitcoin when I'm dead in heaven because 2140 will be an amazing year!

[Mr._Ramos]

The more you know❤
That was a great explanation ✅

[ahiduzzamanahir]

BTC is literally one of the greatest invention that a lot of people don't really know of

[nusratamjad]

Excellent. Very well explained in a very short time❤

[lanmiao]

Thanks for the explanation. I learned a lot.

[ScentiaResearch]

Fascinating video about Bitcoin halving! The concept of a pre-programmed scarcity built into the very fabric of Bitcoin is mind-blowing. It's like watching a clock tick down to a financial revolution, and I can't help but feel a surge of excitement for the future of cryptocurrencies.

[whyeff]

Straight to the point. Its what I want.

[djburna]

bitcoin is good for storing [like gold] ... not ment to be used as a day by currency...

[bsuccessful]

Cool video. Be prepared, in a few months we will really see the echo of this Halving.❤

[adsdasdsadasda]

Oké if I understand it corectly if the minners get less btc for mining would they notstop mining wich also have impact in the markt?

[jayjelaso]

I have been studying bitcoin but why was halving block rewards built into the bitcoin protocol... I dont understand why it makes it more secure as it deincentivizes miners from more aggressively trying to validate through concensus thereby not sure why there is a halving

[pedrofussell]

Quantum Blockchain Technologies can increase mining rates by 2.6 times

[smokenojoke]

Question is what will the transaction fees be paid in? By 2150 crypto could possibly be the preferred currency in business.

[RightNowReviews]

Good video, but why does the halving reduce the amount of new Bitcoin entering the market? Do miners stop mining just because the reward decreases?

[sureenwawa]

so should I keep or sell BTC before 20 April??

[jusupp]

Yes what happens when nobody wants to mine bitcoin anymore because it is too expensive and gives too little reward?

[kevinlee]

A limited number of anything makes the value go up, but i have a bad feeling that this won't be true for Bitcoin 🤔

[foxmulder]

Bitcoin to sky rocket, don't be late to the show this time !

[lukasbrauneruv]

so if bitcoin price drops significaly and you you cannot mine more BTC because its already at 21million coins and electricity is worth more in the future.
Than bitcoin can die or be very volatile to security breaches as less and less prople will be participating in the payment/transfer confirmation system