Every four years, the amount of Bitcoin doled out to cryptocurrency miners halves in a process imaginatively known as Bitcoin halving (or halvening). Here’s why—and how—it works.

Bitcoin’s supply limit

To understand the Bitcoin halving, we must first understand the theory behind its supply.

The inventor of Bitcoin, Satoshi Nakamoto, believed that scarcity could create value where there was none before. After all, there’s only one Mona Lisa, only so many Picassos, a limited supply of gold on Earth.

Bitcoin was revolutionary in that it could, for th

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Author: Matt Hussey,Ki Chong Tran,Stephen Graves

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