Bitcoin ‘halving’: What does the much-hyped event mean? | BBC News


Bitcoin has just gone through a much-hyped adjustment that reduced the rate at which new coins are created.

The world’s biggest cryptocurrency’s so-called “halving” happens roughly every four years.

The digital currency relies on what are known as “miners”, who run software that races to solve complex maths puzzles in return for Bitcoins.

Monday’s halving event means that the reward for unlocking a “block” has been cut from 12.5 new coins to 6.25.

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