Perhaps you already know that with the Bitcoin network, the security of the system is guaranteed by the mining process. So-called “miners” check all transactions and finally write the blocks in the block chain. About every 10 minutes such a block is produced.

As a reward for the computationally intensive work, the miners receive a so-called “Block Reward”.  Currently, the amount is 12.5 Bitcoin per block.

A built-in logic ensures that the reward is automatically halved every 210,000 blocks. This halving is called “Bitcoin Halving”. This process will be repeated in the coming years until all 21 million Bitcoin have been produced.

Many speculators and Bitcoin fans hope for a high price development after such a Bitcoin Halving.