A milestone in Bitcoin’s history, the block reward will be halved for the second time today. Where the first “halving” cut the mining reward from 50 bitcoins to 25, for the next four years miners will only earn 12.5 bitcoins for each block they find – not counting mining fees.
This means that the sensational “25 bitcoin”-era is coming to an end. Since to the last halving almost four years ago, Bitcoin’s experienced spectacular growth, in every conceivable way.
Bitcoin Magazine took a look at how the industry has grown and matured over the last 4 years.
Aaron van Wirdum is interested in technology and how it affects social and political structures. He has been covering Bitcoin since 2013, focusing on privacy, scalability and more. Hodls BTC.