2022-11-29
Counting by sequence 2020 is just the fourth halving.
What is Bitcoin halving?
Mining process is a method to mint new bitcoin. Satoshi Nakamoto wanted limited supply. Bitcoin issuance will gradually reduce until it becomes zero. First Bitcoin halving had block reward of 50 bitcoins.
Every 4 years Bitcoin block reward will cut in halve. Currently 92% of bitcoins have been mined.
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