Heard of bitcoin’s ‘halving’? It’s set to shake crypto markets in 2020 | Reuters


If you’re not a bitcoin enthusiast, you probably haven’t heard what’s happening next year: It’s called the “halving”, and it will cut production of the cryptocurrency by 50%.

No one’s in control of this process. It’s a rule written into bitcoin’s underlying code by its pseudonymous creator Satoshi Nakamoto more than a decade ago.

The event, expected in May 2020, slashes by half the number of new coins awarded to bitcoin miners who provide global supply of the cryptocurrency by solving complex maths puzzles.

Source: Heard of bitcoin’s ‘halving’? It’s set to shake crypto markets in 2020 – Reuters

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