Understanding the Bitcoin Halving

Schär, Fabian. (2020) Understanding the Bitcoin Halving. St. Moritz.

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Official URL: https://edoc.unibas.ch/80296/

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Bitcoin's growth rate is about to half. Once every 210,000 blocks - that is approximately every 4 years - the rate at which new Bitcoin units are issued is cut in half. From block 0 to block 209,999, each block brought 50 new Bitcoin units into circulation. Between blocks 210,000 and 419,999, the reward was 25 Bitcoin units. Currently, the amount is 12.5 Bitcoin units. In less than a month, most likely on May 12th, the block reward will decrease once again to 6.25. In this article we take a closer look at the Bitcoin halving and tackle some common misconceptions surrounding this event.
Faculties and Departments:06 Faculty of Business and Economics > Departement Wirtschaftswissenschaften > Professuren Wirtschaftswissenschaften > Distributed Ledger Technology/Fintech (Schär)
UniBasel Contributors:Schär, Fabian
Item Type:Working Paper
Publisher:Crypto Finance Conference
Note:Publication type according to Uni Basel Research Database: Discussion paper / Internet publication
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Last Modified:05 Jan 2021 15:27
Deposited On:05 Jan 2021 15:27

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