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What triggers this halving? Given the distributed nature of bitcoin it probably wasn't some central entity, wasn't it?
by Phelinofist 6y ago
What triggers this halving? Given the distributed nature of bitcoin it probably wasn't some central entity, wasn't it?
- RonanTheGrey 6y agoIt's built into the protocol. After X number of blocks mined, the reward paid for a mined block halves. This repeats every 4 years until all blocks are mined (about 100 years from now).
- colechristensen 6y agoBlock count. Every 210,000 blocks
- kinghajj 6y agoThe Bitcoin code is set to halve block rewards every 210,000 blocks. If a miner attempts to mine a block with a too-high reward, the network nodes will reject it as invalid.
- deleted 6y ago[deleted]