The next bitcoin halving is just around the corner. This event will halve the rewards miners receive for each new block added to the network’s blockchain.

But what exactly does all of this mean? Blockworks breaks down the technical details around what happens during the halving.

The basics of bitcoin

The bitcoin network operates on a decentralized ledger known as a blockchain, which is run by a network of computer nodes. These nodes are designed in a way that records and verifies the validity of each transaction on the network.

More computer nodes often means that the stability and security of the network are higher. According to Bitnode, there are currently 18,454 nodes running on…

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