Bitcoin halving explained: everything you need to know
What Exactly Is Bitcoin Halving, Anyway? It is important to understand that miners receive Bitcoin in a Bitcoin wallet for each transaction that they verify. This is necessary in order to comprehend the halving of the Bitcoin supply. As a result of the halving, miners will receive half of what they were previously entitled to receive for each transaction that is verified. In 2009, the first Bitcoin was mined, and each miner was awarded fifty Bitcoins for their efforts….