The halving is a pivotal moment in Bitcoin’s monetary policy every four years, having massive implications for the economic viability of individual mining operations, the overall market dynamics of the asset, and generally the block alcohol content present in Bitcoiners’ bloodstreams.
Everyone celebrates the halving each cycle as a moment where Bitcoin becomes a more scarce asset, an event where historically the price has skyrocketed in reaction to the change in the issuance schedule and everyone waits with bated breath for history to repeat itself.
I’m sure everyone is all too familiar with these dynamics, so today as we all sit around waiting for block 840,000 to hit, let’s look at a few lesser known facts about Bitcoin’s supply schedule and halvings:
The total supply of Bitcoin is actually not present anywhere in the codebase. The code simply specifies a starting reward of 50 BTC per block and modifies that value each halving by cutting it in half.
We współpracy z: https://bitcoinmagazine.com/technical/fun-facts-about-the-halving
