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The Bitcoin Halving
One of the most important and innovative features of bitcoin is the hard-capped supply of 21 million.
The total supply is not specifically defined in the code, but is instead derived from the code’s issuance schedule, which is reduced by half every 210,000 blocks or roughly every four years. This reduction event is called the bitcoin halving (or “halvening” in some circles).
When Bitcoin miners successfully find a block of transactions that links a set of new transactions to the previous block of already confirmed transactions, they are rewarded in newly created bitcoin. The bitcoin that is freshly created and awarded to the winning miner with each block is called the block subsidy. This subsidy c
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