What Is the “Halving” Event in Bitcoin’s Protocol?
The Halving (or "halvening") is a programmed event in the Bitcoin protocol that occurs approximately every four years, or every 210,000 blocks. It automatically cuts the reward that miners receive for validating a block in half.
This mechanism reduces the rate at which new Bitcoin is created, ensuring a predictable and deflationary supply schedule toward the 21 million coin cap.
