{"id":410783,"date":"2020-01-13T17:01:05","date_gmt":"2020-01-13T17:01:05","guid":{"rendered":"https:\/\/wncen.com\/?p=410783"},"modified":"2020-01-13T17:01:05","modified_gmt":"2020-01-13T17:01:05","slug":"only-120-days-remain-until-bitcoins-halving-heres-what-to-expect","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/only-120-days-remain-until-bitcoins-halving-heres-what-to-expect\/","title":{"rendered":"Only 120 Days Remain Until Bitcoin’s Halving; Here’s What to Expect"},"content":{"rendered":"

As of today, January 13, 2020, Bitcoin\u2019s halving<\/a> is just 120 days away, marking the first time such an event will occur since the first-ever cryptocurrency rocketed into the public eye and became a household name.<\/span><\/p>\n

With the halving drawing nearer, here\u2019s what cryptocurrency investors and Bitcoin believers can expect going into the next four months.<\/span><\/p>\n

Bitcoin Halving: 120 Days Away and Counting<\/h2>\n
Before Bitcoin<\/a>, many attempts at developing a digital-only version of cash had ultimately failed. Through these failed ventures, Satoshi Nakamoto \u2013 the mysterious and unknown creator of Bitcoin \u2013 coded Bitcoin\u2019s protocol to contain certain failsafes that would not only prevent a double-spend \u2013 among the biggest challenges prior developers faced \u2013 but also to ensure the asset\u2019s longevity and scarcity.<\/span><\/p>\n
Related Reading | Bitcoin Falls Below Stock-to-Flow Model, Will The Halving Be Front Run By Bulls?<\/a><\/strong><\/em><\/p>\n
Through a process called proof-of-work, Bitcoin miners validate each new block generated, before permanently adding it to the cryptocurrency\u2019s underlying blockchain. To keep miners incentivized to keep this process going, they\u2019re rewarded with an ever-decreasing amount of Bitcoin for their efforts.<\/span><\/p>\n
To ensure Bitcoin\u2019s scarcity, that block reward miners receive for validating each block is reduced by half at scheduled intervals. The first-ever block mined rewarded miners with 50 BTC and then was later slashed in half to 25 BTC.<\/span><\/p>\n
Currently, the number sits at 12.5 BTC per each new block mined, but come this May – only 120 days away at this point \u2013 the reward will be reduced to just 6.25 BTC, limiting the amount of Bitcoin<\/a> entering the market.<\/span><\/p>\n
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Only 120 days left until the #Bitcoin<\/a> Halving…$BTC<\/a><\/p>\n
— Rekt Capital (@rektcapital) January 13, 2020<\/a><\/p><\/blockquote>\n