Halving date :The fourth Bitcoin halving occurred in April 2024, with the exact date set by the blockchain when block number 840,000 was reached.
- Reduced remuneration: After the halving, the reward for mining a new block decreased from 6.25 bitcoins to 3.125 bitcoins. This made the creation of new bitcoins even slower and increased their rarity.
- Impact on miners: Many miners have had to optimize their operations to remain profitable. Smaller miners or those with older equipment struggled and some of them left the market. This has led to some consolidation in the mining industry.
- Market reaction: The market reacts to the halving with increased volatility. The price of Bitcoin experienced significant fluctuations in the months surrounding the event, but the long-term trend showed an upward movement supported by reduced supply and increased demand.
- Ecosystem Impact:The halving had broad implications for the entire cryptocurrency ecosystem. Investors and traders have been watching developments closely, and businesses that accept Bitcoin have adapted their strategies to the new market conditions. The halving also brought renewed attention to Bitcoin and cryptocurrencies in general, highlighting the importance of this deflationary measure.
This halving solidified the principle of limited supply pioneered by Satoshi Nakamoto and went on to shape Bitcoin's future as a deflationary asset.
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