What is bitcoin halving?

Bitcoin halving is the method of dividing the amount of generated rewards per block so as to keep up the overall supply of Bitcoin, which is able to not exceed twenty one million. Block rewards are the most engine of Bitcoin mining and, therefore, the most power behind the operation of the network. Bitcoin halving happens each 210,000 blocks and reduces the reward for fifty percent each time in a very geometrical progression. The initial block reward in 2009 was fifty Bitcoins, the present Bitcoin reward is 12.5 coins. future Bitcoin halving is anticipated to happen in 12th may 2020 and can decrease the reward to 6.25 coins. Bitcoin halving could be a crucial a part of Bitcoin and most different cryptocurrencies, because it is that the main algorithmic program of emission management and a vicinity of what makes Bitcoin with success maintained without authority.