Bitcoin has completed its fourth halving, and the block reward has decreased to 3.125 BTC

ChainCatcher news, according to OKLink data, Bitcoin completed its fourth halving at block height 840,000 on April 20 at 8:11 AM Beijing time. The price of Bitcoin at the time of halving was $63,734. After the halving, the BTC block reward was reduced from 6.25 BTC to 3.125 BTC.

It is reported that a block halving refers to the process of reducing the amount of digital currency produced in a unit of time, mainly achieved by lowering the block reward. So far, the Bitcoin network has experienced three halvings in 2012, 2016, and 2020.