Bitcoin Halving – Historical Event

New BTC are given to Bitcoin miners as their Bitcoin block reward when they verify blocks of transactions. To begin with, the reward stood at 50 BTC per block. This would have been worth under a dollar back in 2009 — but at today’s rates (April 28), the price of Bitcoin would’ve gotten you a windfall of around $388,000.

Such generous terms wouldn’t last forever. Under Bitcoin’s rules, rewards would only stay this high for the first 210,000 blocks, and then they would be cut by 50%. By this point, half of the BTC that would ever exist — 10.5 million — were out in circulation.

For this upcoming Bitcoin halving 11-May-2020 (also known as halvening), the total number of Bitcoin mined by miners per block will be reduced from 12.5 BTC to 6.25 BTC.

Have a look at the BTC chart below

Here are some other top crypto in the market

1.Ethereum

2.Bitcoin Cash

3.Ripple – It doesn’t look so promising , But here is the chart 

4.Bitcoin SV

5.Litecoin

We might see some volatility in the market due to BTC halving . sooner or later this tech will become mainstream for major business where business depends on Relying on other parties and there is need to protect confidential data

 

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