Halving/Bitcoin Halving

hal-ving/bit-koyn hal-ving

Noun

formal english definition

The process of dividing the block reward received by miners into two (2). This happens roughly every four years.

EXPLAIN LIKE I'M 5-YEARS-OLD (ELI5) definition

Bitcoin halving is like a special event that happens every few years in the world of bitcoin. It's like a birthday party for Bitcoin, where the amount of bitcoin that can be created gets cut in half. This helps keep Bitcoin special and valuable.

COMPREHENSIVE definition

Bitcoin halving is the change in the block reward by dividing Bitcoin miners' incentives in half. This event happens approximately every four years.

Other local languages
Tagalog definition

Ito ang proseso kung saan ang mga block reward na natatanggap ng mga miner ay hinahati sa dalawa (2). Nangyayari ito bawat humigit-kulang na apat na taon.

Cebuano definition

Ang proseso sa pagbahin sa block reward nga nadawat sa mga miners ngadto sa duha (2). Kini mahitabo halos matag upat ka tuig.

Ilocano definition

Iti proseso iti panangbingay iti bloke nga abaken nga maala ti miners nga duwwa (2). Mapaspasamac daytoy nga kinanayon tunggal ti uppat nga tawen.

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