Here’s what the current state of Bitcoin development looks like ahead of the halving

The Bitcoin halving, a significant event in the world of Bitcoin, is drawing near and is anticipated to occur next week. 

Bitcoin is intentionally designed to have a maximum supply of 21 million coins. This is to prevent inflation and ensure that the currency remains scarce.

For day-to-day bitcoin holders, the halving will have little or no impact on their lives. However, for bitcoin miners, the halving will reduce the rewards they earn for their work from 6.25 bitcoin (BTC) to 3.125 BTC. 

This means that bitcoin miners will inevitably receive a revenue cut following the event, and less efficient miners will likely be weeded out from accessing bitcoin rewards all together.

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