For those outside of the crypto world, the Bitcoin halving may seem like a strange idea: why half how quickly you can get something when it is in such high demand? It is a concept written into the cryptocurrency’s algorithm to counteract inflation.
When Bitcoin was initially introduced in 2009, each time a miner added a new block to the blockchain, they were rewarded with 50 BTC. However, this high of a reward was unsustainable going forward. Especially as it has a limit of 21 million, and the more people want to mine it, the sooner it will hit this cap.
