Here's everything you should know about the Bitcoin halving.  

Bitcoin is set to undergo its fourth "halving" since its official introduction in January 2009. But what does that mean exactly?  

Those who are unfamiliar with how the Bitcoin network works may have questions about the halving, when it will occur, why it is essential, and what effect it may have on the price of bitcoin.  

Satoshi Nakamoto, the founder of Bitcoin, wanted it to have a fixed quantity, setting it apart from fiat currencies such as the US dollar.  

According to the constraints outlined in the Bitcoin protocol code, only 21 million bitcoins will ever exist.  

Bitcoin experts predict that the final of these will be mined around the year 2140.  

Currently, miners that win the race to mine blocks are rewarded with 6.25 tokens.   

After the halving, the payout will be reduced to 3.125 tokens. Bitcoins are divided into smaller units, the smallest being a "Satoshi," or one hundred millionth of a bitcoin.  

Bitcoin miners power the Bitcoin network by racing against one another to solve complex cryptographic puzzles.  

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