Satoshi Nakamoto, the creator(s) of Bitcoin has implemented a mechanism to decrease the amount of newly mined Bitcoin over time through the bitcoin mining process. This event is called Bitcoin halving. The halving is a programmatic system which is coded into Bitcoin’s code to automatically halve the block rewards. The halving is considered to be one of Bitcoin’s most innovative features and a pivotal aspect of Satoshi Nakamoto's vision in establishing a decentralized digital currency.
The Bitcoin halving will continue to take place every 210’000 blocks until the number of Bitcoin in circulation reaches 21 million, which is projected to be the case in the year 2140. Today approximately 19.5 million Bitcoin are already in circulation.
Visit our Bitcoin Halving 2024 Hub to learn more about the upcoming Bitcoin halving in 2024 and to stay up-to-date.
