The highly anticipated Bitcoin halving event, watched closely by the entire cryptocurrency market, has finally taken place.
From now on, miners will receive a reward of 3.125 BTC per block instead of 6.25 BTC.
The halving will cut Bitcoin’s inflation rate by almost half, reducing it from 1.7% to 0.85%.
The next halving is estimated to happen in 2028.
The first BTC halving took place in November 2012. The next halving occurred in July 2016 and the most recent halving took place in May 2020.
The final halving will occur in the year 2140. At that point, there will be 21 million BTC in circulation and no more BTC will be produced. From then on, miners will only be rewarded with transaction fees.
