The Bitcoin halving is an event that occurs approximately every four years or every 210,000 blocks, where the reward for mining Bitcoin transactions is halved.
The purpose of the halving is to control Bitcoin's inflation and limit the total amount of Bitcoin to 21 million.
The most recent halving took place on May 11, 2020, reducing the reward from 12.5 BTC to 6.25 BTC per block.
The next halving is expected to occur in early to mid-2024, further reducing the reward to 3.125 BTC per block.
The halving has implications for miners and the market, as it reduces the reward for mining and, consequently, the amount of new Bitcoins entering circulation.
It also plays a crucial role in controlling Bitcoin's inflation and maintaining its scarcity and value stability.
The impact of the next halving on Bitcoin's price is uncertain and depends on demand.
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