Dear all CoinHe users,
We would like to inform you that The Bitcoin Halving will take place on May 12, 2020. This is the moment considered the start of significant transformations in blockchain, especially after the Covid-19 outbreak, hence the upcoming bitcoin halving should be celebrated by all of the global communities, include of CoinHe community.
What is a block halving?
A block halving is a process of reducing the rate at which new cryptocurrency units are generated. Specifically, it refers to the periodical halving events that decrease the block rewards provided to miners.
Why are halvings significant?
Halvings are at the core of the cryptocurrency economic models because they ensure coins will be issued at a steady pace, following a predictable decaying rate. Such a controlled rate of monetary inflation is one of the main differences between cryptocurrencies and traditional fiat currencies, which essentially have an infinite supply.
Historically, there have already been two halving events: the first in 2012 and the second in 2016 where the block rewards decreased from 50 to 25 and 12.5 respectively. Consequently, in the upcoming halving in 2020, the block rewards will become 6.25. Since there is a set number of bitcoins (21 million), there will only ever be 64 halvings in history.
Please do not miss this event and count down the BitcoinHalving 2020!
Many thanks for your support!