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Bitcoin Is Halfway To The Next Halving

Bitcoin is now in-between the prior halving and the following, blockchain knowledge confirmed Thursday morning.

The phenomenon occurred precisely on block number 735,000 on the Bitcoin blockchain, which was mined at round 6:30 a.m. ET on May 5, 2022. It was the 105,000th block to be mined after the final halving, which occurred in May 2020 on block quantity 630,000. The subsequent halving is set to occur on block 840,000.

The Bitcoin protocol decreases the reward it offers to miners by 50% each 210,000 blocks – therefore the title “halving.” It takes on common 4 years to mine these blocks.

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