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Q1uick12
@q1uick12
Bitcoin halving, scheduled to occur in 2024, slashes the block reward by half, from 6.25 BTC to 3.125 BTC. This event impacts mining by reducing miners' income, potentially leading some to exit the network. However, it also creates a scarcity of BTC, boosting its price in the market. The halving mechanism is crucial for Bitcoin's long-term sustainability, ensuring a finite supply and maintaining the network's security. Stay tuned for how this economic shift will play out!
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