What will happen during the next Bitcoin halving?

What will happen during the next Bitcoin halving?

Every Bitcoin user and miner is well-aware of the term Bitcoin halving and what it means to Bitcoin. The halving is the name for one of the most highly anticipated events in Bitcoin’s history.

This event affects just how much Bitcoin is in circulation so it doesn’t increase exponentially. Let’s find out why there’s so much fuss about the Bitcoin halving, how it works and what will happen during the next halving sometime in the not so distant 2024.

Simply put, a Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. By reducing the rewards of mining Bitcoin as more blocks are mined, a Bitcoin halving limits the supply of new coins, so prices could rise if demand remains strong.