NewsBite

Bitcoin ‘halving’ cuts supply of new tokens

David Pan

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

A highly anticipated Bitcoin software update called the “halving” has been completed, dealing a potential blow to the companies that make money by ensuring that the digital currency functions smoothly and securely.

The once-every-four-years event cut in half the so-called mining reward, which is the amount of bitcoin released from the network to compensate companies known as miners for validating transactions.

Loading...

Bloomberg

Subscribe to gift this article

Gift 5 articles to anyone you choose each month when you subscribe.

Subscribe now

Already a subscriber?

Read More

Latest In Currencies

Fetching latest articles

Most Viewed In Markets

    Original URL: https://www.afr.com/markets/currencies/bitcoin-halving-cuts-supply-of-new-tokens-20240420-p5flce