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The 2012 Bitcoin halving was a pivotal event in the cryptocurrency world, marking the first time the block reward for miners was reduced from 50 BTC to 25 BTC. This event occurred at block height 210,000 and was a key part of Bitcoin\“s deflationary design, aimed at controlling the supply of new coins and preventing inflation. As a result, it drew significant attention from investors and enthusiasts, highlighting Bitcoin\“s potential as a decentralized digital asset. The halving mechanism ensures that the total supply of Bitcoin will never exceed 21 million, reinforcing its scarcity and long-term value proposition. |
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