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Bitcoin halving
The Bitcoin network relies on a process called mining in which people use very powerful computers to validate transactions. Since mining is both important (it keeps the network running) and expensive (requiring a ton of computing power), mi
By Geoffrey Lyons
Published on Aug 2, 2024
Last modified on Aug 22, 2024
The Bitcoin network relies on a process called mining in which people use very powerful computers to validate transactions. Since mining is both important (it keeps the network running) and expensive (requiring a ton of computing power), miners are rewarded for their efforts with newly-minted BTC. This is called a or . Besides making Bitcoin miners very happy, block rewards serve to .
