“Bitcoin Halving”
It poses a potential setback for firms that profit from maintaining the smooth and secure operation of the digital currency.
The event, occurring once every four years, halves the mining reward, which represents the quantity of Bitcoin released into the network as compensation for miners verifying transactions. This adjustment took effect at 8:10 p.m. New York time on Friday, as reported by analytics websites mempool.space and Blockchain.com. Despite the halving, the price of coin remained relatively stable, hovering near the $64,000 mark.
