Bitcoin’s First Halving in 2012 Reduced Block Rewards to 25 BTC

This milestone event marked the first time Bitcoin’s inflation rate was halved, cutting mining rewards from 50 BTC to 25 BTC per block.

BTC

Summary

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Terms & Concepts
  • Bitcoin Halving: An event that reduces Bitcoin block rewards by 50%, occurring approximately every four years to control supply.
  • Block Reward: The amount of Bitcoin miners receive for successfully adding a new block to the blockchain.
  • Inflation Rate (Bitcoin): The pace at which new Bitcoins are created, decreasing with each halving event.