Bitcoin has completed its fourth halving, and the block reward has decreased to 3.125 BTC

2024-04-20 08:16:48

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ChainCatcher news, according to OKLink data, Bitcoin completed its fourth halving at block height 840,000 on April 20 at 8:11 AM Beijing time. The price of Bitcoin at the time of halving was $63,734. After the halving, the BTC block reward was reduced from 6.25 BTC to 3.125 BTC.

It is reported that a block halving refers to the process of reducing the amount of digital currency produced in a unit of time, mainly achieved by lowering the block reward. So far, the Bitcoin network has experienced three halvings in 2012, 2016, and 2020.

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