Business

Bitcoin goes through third 'Halving' in its history

May 13, 2020 07:10 AM

The worlds biggest cryptocurrency Bitcoin went through its third "halving", a periodical event that reduces the rate at which new coins are created.

Tuesday's "halving cuts the rewards given to those who "mine" bitcoin to 6.25 new coins from 12.5. The crypocurrency's two earlier "halvings"occured in november 2012 and July 2016.

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