Cryptochannel

 * *Understanding Bitcoin Block Halving: A Definitive Guide** Bitcoin, the pioneering cryptocurrency, operates on a decentralized network secured by a process called mining. Mining involves solving complex mathematical puzzles to validate and record transactions on the blockchain. Miners are rewarded with newly minted bitcoins for their computational efforts. However, to maintain scarcity and prevent inflation, the Bitcoin protocol includes a mechanism known as "block halving." ** What is Block Halving? ** Block halving is a pre-programmed event in the Bitcoin protocol that occurs approximately every four years or after every 210,000 blocks mined. During this event, the reward for mining a new block is halved, reducing the rate at which new bitcoins are created. This process is fundamental to Bitcoin's monetary policy and its deflationary nature. Types of Bitcoin Block Halving: There are two main types of Bitcoin block halving: the 2012 halving and the 2016 halving. 1. **