The cryptocurrency market was eagerly awaiting bitcoin's 'halving' on Friday. Here's what history suggests may happen next.
was eagerly awaiting bitcoin’s “halving” on Friday — a change to the cryptocurrency’s underlying technology designed to cut the rate at which new bitcoins are created.
For some crypto fans, the halving will underscore bitcoin’s value as an increasingly scarce commodity The halving works by halving the rewards cryptocurrency miners receive for creating new tokens, making it more expensive for them to put new bitcoins into circulation.
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