JustAnotherWallet
## Supply Reduction Mechanism: How BTC Halving Works
Bitcoin halving is a protocol-scheduled mechanism that occurs every 210,000 blocks ( approximately every four years ) and halves the reward for confirming transactions on the network. This process is a key component of the macroeconomic model of Bitcoin, ensuring a controlled introduction of new coins into the market.
## History and Chronology of Reward Reduction
Since the launch of the Bitcoin network, there have already been three rounds of this event:
- **2012 year** — the first reduction of rewards, the reward size decreased from 50 BTC
Bitcoin halving is a protocol-scheduled mechanism that occurs every 210,000 blocks ( approximately every four years ) and halves the reward for confirming transactions on the network. This process is a key component of the macroeconomic model of Bitcoin, ensuring a controlled introduction of new coins into the market.
## History and Chronology of Reward Reduction
Since the launch of the Bitcoin network, there have already been three rounds of this event:
- **2012 year** — the first reduction of rewards, the reward size decreased from 50 BTC
BTC0.98%