To better understand Bitcoin’s Halving and how it affects the king of cryptocurrencies itself, you need to understand how the BTC network works. Find out everything about Bitcoin halving. Bitcoin Halving – what is it?Bitcoin’s blockchain operates on the Proof of Woork consensus, which means it needs computing power to function. More precisely, in order for the network to approve and add further transactions, it must use the computing power provided by the so-called miners, i.e. people who mine cryptocurrencies. In return, they receive a reward in the form of newly dug blocks. Thus, in the simplest terms, Bitcoin’s Blockchain works in such a way that the transactions concluded are confirmed by people lending the computing power, in return for which they receive rewards in the form of newly dug blocks. Additionally, the network is designed in such a way that as the users grow, the computing power needed to approve a transaction increases, which means that the more users in the network,

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