RATE Group | Bitcoin halving explained: What is cryptocurrency event and will it boost price?
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Bitcoin halving explained: What is cryptocurrency event and will it boost price?

22 Apr Bitcoin halving explained: What is cryptocurrency event and will it boost price?

Posted at 17:59h in Cryptocurrency News by

For the first time in nearly four years, and for only the third time in its 11-year history, bitcoin is about to undergo a seismic shift to its technological foundations. The halving event will not only affect how bitcoin is created, it will likely also have a significant impact on the entire cryptocurrency market.

Scheduled to take place next month, the event all stems from bitcoin’s unique digital design. Unlike traditional currencies, the number of bitcoins that will ever exist is fixed. The mathematical code underpinning the cryptocurrency means that only 21 million bitcoins can ever be produced and no amount of quantitative…

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