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💡 Bitcoin Halving Mechanism: Everything You Need to Know
Since 2012, an important timeline has been embedded in Bitcoin's story. During the first halving, the block reward dropped from 50 BTC to 25 BTC. After that, approximately every four years, this number is halved—becoming 12.5 BTC in 2016, 6.25 BTC in 2020, and the latest in 2024 has shrunk to 3.125 BTC.
This pattern is predictable. The Bitcoin network triggers a halving every 210,000 blocks generated, but due to subtle fluctuations in block generation speed, the exact timing of the next halving is difficult to predict precisely. Industry estimates suggest the next key event will occur around 2028.
Interestingly, this process will not continue indefinitely. After the 32nd halving, the system will stop producing new Bitcoin, and the total supply will be permanently fixed at 21 million coins—this is the most magical numerical cap in Bitcoin's design.