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Start trading Bitcoin and cryptocurrency here: http://bit.ly/3s8R9O3 Every 4 years on average (210K blocks) the reward granted to Bitcoin miners for adding a block to the blockchain is cut in half. The Bitcoin halving was designed by Satoshi Nakamoto to keep Bitcoin’s inflation in check. Since the halving basically cuts the supply of new Bitcoins in half, many believe this event will have a dramatic effect on Bitcoin’s price. That’s the Bitcoin halving in a nutshell. If you want a more detailed explanation Halving keep on watching, here’s what I’ll cover: 0:46 - Bitcoin mining in a nutshell 1:21 - What is Bitcoin halving? 1:37 - Halving timeline 2:07 - Why halve the mining reward? 3:30 - Does the halving affect Bitcoin's price? 4:33 - Bitcoin's scarcity 4:54 - Conclusion For the complete text guide visit: http://bit.ly/2PqJAzq Join our 7-day Bitcoin crash course absolutely free: http://bit.ly/2pB4X5B Learn ANYTHING about Bitcoin and cryptocurrencies on our YouTube channel: http://bit.ly/2BVbxeF See anything we haven't covered? Leave us a comment in the comment section below
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