BITCOIN HALVING AND ITS IMPACT ON THE MARKET OF CRYPTOCURRENCIES

The Bitcoin halving is a key event in the Bitcoin ecosystem that occurs approximately every four years or after all 210,000 blocks have been mined. This event is reduced to a double reward that miners receive for adding a new block to the blockchain, with the aim of controlling inflation and maintaining Bitcoin's deflationary model. This event helps to reduce the rate of issuance of new coins, which could theoretically lead to an increase in the price of Bitcoin, and to reduce the supply of constant or growing demand.

Authors

Publication Details

Journal
Global and Regional Dimensions of International Economic Relations
Published
2024-11-08
DOI
https://doi.org/10.58861/tae.grdier.2024.18
Primary Topic
Blockchain Technology Applications and Security
Type
article
Field-Weighted Citation Impact
0.00
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article

BITCOIN HALVING AND ITS IMPACT ON THE MARKET OF CRYPTOCURRENCIES

Penko Byalivanov
Global and Regional Dimensions of International Economic Relations
Blockchain Technology Applications and Security
article

BITCOIN HALVING AND ITS IMPACT ON THE MARKET OF CRYPTOCURRENCIES

Penko Byalivanov
article en

Abstract

The Bitcoin halving is a key event in the Bitcoin ecosystem that occurs approximately every four years or after all 210,000 blocks have been mined. This event is reduced to a double reward that miners receive for adding a new block to the blockchain, with the aim of controlling inflation and maintaining Bitcoin's deflationary model. This event helps to reduce the rate of issuance of new coins, which could theoretically lead to an increase in the price of Bitcoin, and to reduce the supply of constant or growing demand.

Global and Regional Dimensions of International Economic Relations(1)
Openalex Percentile: Top 64%
Blockchain Technology Applications and Security
DOISourceOpenAlex
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BITCOIN HALVING AND ITS IMPACT ON THE MARKET OF CRYPTOCURRENCIES — Penko Byalivanov · Global and Regional Dimensions of International Economic Relations (2024) | TGRS Research Map | TGRS