Bitcoin Halving is a fact that is considered historical that is expected for May of this year where the famous electronic currency known as bitcoin goes through various changes. This currency is widely used since it is thought to be quite safe and to work very efficiently. Of course, these bitcoins can then be converted into currencies such as euros or dollars but only through a long process that can be tedious, however, this does not stop users of that currency.
Experts have closely followed bitcoin since the year two thousand and twelve when the first bitcoin halving 2020 occurred. It was a completely unknown fact and everyone was curious. This fact is something that happens every four years approximately and that subjects bitcoin to various changes that can have negative or positive consequences for lovers of this currency. Of course, these experts have disclosed the scenarios that could arise.
Bitcoin Halving 2020 is located in a very different context to those found in 2012 and 2016. In this last year mentioned there was a considerable increase in the Ethereum currency, it could cause a problem but of course, the necessary measures were taken to avoid any kind of inconvenience.
Bitcoin Halving 2020 will occur at the awareness of users. Something very different from previous years.
It is important to mention that the first time it happened, the bitcoin mining was very different from the current one because, for each block that was mined, fifty bitcoins were given as a reward, today only twelve fifty bitcoins are earned. Not forgetting that the rules of this currency are quite basic and that everyone knows.
For Bitcoin Halving 2020 it has been proposed that the given reward decrease to fifty percent. Of course in data that not everyone is sure, and thanks to this there are speculations. Many users have shown their dissatisfaction with everything that is about to happen, however, they allege that they will continue to use bitcoin because it is the best way they have, they still believe it safe and the best currency.
In previous years, when removing a bitcoin block and adding it to the chain, a total of fifty bitcoins was given as a reward to the miner, but of course with the Bitcoin Halving of the year two thousand and twelve, this changed completely. Now only a total of eleven point five dollars is given as a reward. A fairly wide difference between the numbers.