Following the arrival of the new Bitcoin halving, the blockchain network will issue approximately 450 new bitcoins per day, for the next 4 years.
The amount of bitcoins produced in a day today, approximately 900 BTC, will be reduced to about 450 BTC per day after the arrival of the fourth halving, which is estimated to occur between April 19 and 20.
With this reduction, the annual issuance rate of new bitcoins will be set at 0,9%, according to cryptocurrency blogger Colin Wu on his X (formerly Twitter) account.
For Wu and other cryptocurrency analysts, the upcoming halving of the Bitcoin blockchain network will have very different implications than those seen in previous events. While this new halving will also reduce Bitcoin's block reward by 50%, the impact it will have on the market may be even greater than its predecessors.
Analysts estimate that the increase in demand from institutional investors for BTC and the general conditions and sentiment of the global macroeconomic market, together with the slowing pace of issuance of new units of the cryptocurrency, could have important implications on the price of Bitcoin, as well as on the profitability of miners operating on this blockchain.
What is the Bitcoin halving?
The Bitcoin halving is one of the most important events taking place in the world of cryptocurrencies.
In this historical event which halves the block reward for Bitcoin miners, thus having a direct impact on the circulating supply of the cryptocurrency and, therefore, on its market price.
Because of this, the halving is one of the most anticipated moments by the crypto community and one that has sparked the most different theories about the future price of BTC.
How many days until the next Bitcoin halving?
According to estimates, at the time of writing this article, there are 2.740 blocks or approximately 17 days left until the fourth halving of the Bitcoin network.
The real-time dashboard of the Bit2Me Academy platform, which offers different educational resources related to the Bitcoin blockchain and the crypto world, indicates that the estimated date for The arrival of the next network halving is on April 19.
On the other hand, the Bitbo platform points out that, specifically, A total of 2.748 blocks remain to be mined on the blockchain for the new halving to occur.
Source: Bit2Me Academy
Due to the design of the Bitcoin protocol, The halving takes place every 210.000 mined blocks or generated in the blockchain, an amount that is reached approximately every 4 years, according to the rate at which new blocks are created, which is about 10 minutes on average.
What will happen to miners' block rewards?
Starting April 19, the block reward that Bitcoin miners receive will will be set at 3,125 BTC per block generated on the blockchain. The current block reward is 6,25 BTC, however, this will be reduced by 50%, as has happened previously with each arrival of a new halving event.
What impact will the upcoming halving have on the network?
In addition to the impact on the price of Bitcoin, the new halving could also have an impact on the development of the blockchain network. According to analysts, the halving promotes Bitcoin deflation by reducing the issuance of new BTC, so the price of the cryptocurrency on the market could skyrocket and reach new all-time highs.
However, the halving could also Stimulate the development of the blockchain, accelerating the creation of more efficient hardware, driving the generation and use of renewable energy sources by miners seeking to make their operations increasingly cleaner and more profitable, and stimulating the development of efficient solutions and new use cases for the network.
On the adoption side, analysts also believe that the new halving could influence public perception of Bitcoin and accelerate the use and adoption of the cryptocurrency, especially by interested investors and institutions. If this happens, the halving could also attract more attention from regulators and lead to regulations that are more favorable, which many would perceive as a sign of maturity and recognition for this innovation.
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