The long-awaited fourth Bitcoin halving finally occurred after BTC posted its 840,000th block. This event is significant as it is expected to have several implications for the Bitcoin ecosystem and the crypto market going forward. What To Expect Following The Bitcoin Halving The Bitcoin halving slashed miners’ rewards from 6.25 BTC to 3.125 BTC for each block mined. This means that Bitcoin miners are set to earn a reduced income of 450 BTC instead of the 900 BTC they earned before the fourth halving. This development is expected to have a dire effect on their operations, as NewsBTC reported that they could lose a whopping $10 billion following the halving. Related Reading: Shiba Inu Burn Rate Sees 81% Daily Increase, But Why Is Participation Low? While the effects of the halving are not so pleasant for BTC miners, the halving is deemed necessary for the growth of the Bitcoin ecosystem. It makes Bitcoin (BTC) deflationary by reducing the rate at which more tokens come into circulation. This could make the flagship crypto more scarce and ultimately drive up its value, as it ha ..
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