The halving took place once block number 840,000 was mined. This happened at the start of the weekend. The halving reduced the Bitcoin block mining reward to 3,125 Bitcoins (New Bitcoins are put into circulation thanks to these mining rewards.).
Finance Magnates had all the details of this big crypto event:
- The halving is one of the most important events in the world of cryptocurrencies and occurs approximately every four years, more precisely every 210,000 blocks.
BTC/USD is trading around $64,500.
This article was written by Eamonn Sheridan at www.forexlive.com.
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