Bitcoin halving - what is it.

Bitcoin halving, a significant event occurring roughly every four years, halves the number of bitcoins awarded to miners for validating transactions.

The most recent halving in 2020 reduced the block reward to 6.25 bitcoins, with the next expected in 2024, gradually approaching the total cap of 21 million bitcoins.

This mechanism, designed by Bitcoin's pseudonymous creator, Satoshi Nakamoto, aims to control inflation by limiting supply, potentially increasing Bitcoin's value due to scarcity. However, as block rewards diminish, concerns arise about the future economic incentives for miners and the network's overall security, with transaction fees anticipated to become a more crucial source of compensation for miners.

The long-term implications of halving Bitcoin's price and sustainability remain uncertain, posing significant questions about its viability and security in the decades ahead.