De "halving" (of "halvering" in het Nederlands) is een belangrijk

Question

De "halving" (of "halvering" in het Nederlands) is een belangrijk

onderdeel van het mechanisme van Bitcoin en beïnvloedt hoe nieuwe bitcoins worden gecreëerd en in omloop gebracht. In het engels zou je de uitleg als volgt kunnen structureren:
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What is the Bitcoin Halving?
The Bitcoin halving is an event that happens approximately every four years, which is roughly every 210,000 blocks mined. During the halving, the reward that miners receive for finding a new block is cut in half. This mechanism is built into the Bitcoin protocol by its creator, Satoshi Nakamoto, as a way to enforce scarcity and control inflation.
Purpose of the Halving
The primary purpose of the halving is to control the supply of new bitcoins entering the market. This limited supply mimics the extraction of precious resources like gold, where over time, mining becomes more difficult and less profitable. By reducing the block reward, the halving event ensures that the total number of bitcoins in circulation will approach 21 million, but never actually reach it. This cap is expected to be hit around the year 2140.
Impact on Bitcoin
The halving can have several impacts on the Bitcoin ecosystem:
1. Miner Profitability: Immediately after a halving, miners' profits are slashed in half for the same amount of mining effort. This can lead to a shakeout of less efficient miners from the network.
2. Market Price: Historically, the halving has led to significant fluctuations in Bitcoin’s price. Many investors speculate that reducing the supply of new bitcoins coming into circulation might lead to an increase in Bitcoin’s price, assuming demand remains steady.
3. Network Security: There's some concern that reducing mining rewards might decrease the security of the Bitcoin network, as fewer miners might decrease the network’s hash rate. However, historical data shows that the hash rate often recovers as miners upgrade to more efficient technologies.
Conclusion
The Bitcoin halving is a critical event that helps to maintain the economic principles underlying the cryptocurrency. By deliberately reducing the rate at which new bitcoins are created, the halving event aims to prevent inflation and promote price stability as the currency matures.