Halving (Bitcoin Halving)
A programmatic event occurring every 210,000 Bitcoin blocks that reduces the miner block reward by exactly 50%.
In-Depth Explanation
Halvings happen approximately every four years (2012, 2016, 2020, 2024), cutting new Bitcoin issuance until the 21 million cap is reached in 2140.
Practical Market Example
Real-World Application
The April 2024 halving reduced the block reward from 6.25 BTC to 3.125 BTC per block.