All you wanted to know about Bitcoin halving

economictimes.indiatimes.com:

Bitcoin halving season? Just google for Joe Biden's tweet right after the Super Bowl. Those red eyes on Biden? Bitcoin Maxis call them the bitcoin laser eyes. Every four years, a significant event occurs in the world of Bitcoin known as «Bitcoin halving.» This event, integral to understanding Bitcoin's dynamics and future, is a reduction in the block reward for miners, ultimately leading to a finite supply of 21 million Bitcoin.

But what exactly is Bitcoin halving, and how does it impact Bitcoin's trajectory? Let’s do a deep dive into this phenomenon and understand its complexities and implications for Bitcoin's journey ahead.

Bitcoin halving serves as a mechanism to regulate the issuance of new Bitcoin rewards to miners, who play a vital role in securing the network. The process involves cutting the block reward in half approximately every four years. At the core of Bitcoin's design lies a capped supply of 21 million coins, a finite limit that ensures scarcity and inherent value.

As each block is added to the blockchain roughly every ten minutes, miners are rewarded with Bitcoin. However, the reward is programmed to halve every 210,000 blocks, initiating the halving cycle. This cycle commenced with the first halving event in 2012, reducing the block reward from 50 BTC to 25 BTC.