The 2024 halving could usher in a new era for Bitcoin

The fourth Bitcoin halving event, expected to fall on or around April 19, 2024, heralds a significant transformation in the cryptocurrency landscape. 

At its core, the quadrennial halving event entails a reduction in the reward granted to miners for each block mined on the Bitcoin blockchain (the block subsidy) as determined by the protocol. 

Halvings are scheduled to occur roughly every four years, or every 210,000 blocks until the entire 21 million bitcoin supply is mined, approximately by 2140. 

As part of bitcoin’s deflationary approach to its capped supply, the upcoming halving will reduce the bitcoin supply subsidy from 6.25 BTC per block to 3.125 BTC, fostering a more…

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