When Is the 2024 Bitcoin Halving?
The Countdown Is On
Cryptocurrency enthusiasts are eagerly anticipating the third week of April, counting down the days until a potentially crucial moment in Bitcoin's development: the 2024 halving. The Bitcoin halving is a significant event that occurs every four years and involves a reduction in the number of new bitcoins released with each block mined.
Estimated Halving Date
According to our most updated estimate, the 2024 Bitcoin halving will likely occur on April 21, 2024, at 00:01 UTC. However, there is a small chance it could happen in either March or May. The specific date will depend on the speed at which blocks are mined over the coming months.
The Bitcoin halving is a pre-programmed event that has been part of Bitcoin's code since its inception. It is designed to control the supply of new bitcoins and maintain the currency's scarcity over time. The halving mechanism ensures that the number of new bitcoins released with each block mined is reduced by half every four years.
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