HELLO HIVE
Digital coin halving is one big and very important event that occurs once in a while on the different digital currency exchange platforms and it entails cutting into half the mining reward for a certain crypto currency this is currently on going on the binance block chain and traders are using this as a way of gaining more income from the block chain,the last halving for Bitcoin took place in the year 2020 where the each transactions where giving a reward of 6.25 bitcoins for the amount of Bitcoin that they could mine successfully at that giving period and the next halving we are expecting will occur in 2024 when this time the reward won't increase but it will fall by 50% and be 3.125 rewards for the amount of that are mined overtime.
This event is a combination of different processes and digital algorithm to cut the amount of new Bitcoin that is released into the block chain circulation by half . On the binance chain Bitcoin halving has already been added to their countdown on their home page so that traders are well aware of the process that is about to go on and prepare themselves for it .
With few months to the Bitcoin halving there is going to be more news,hype and anxiety everywhere depending on where a trader is see the direction of things to be heading.
There are expection that the price of Bitcoin will double the moment this happens since the last time this occurred the price of Bitcoin got to it's all time high , well it might get to it's all time high but one thing that is certain is that this will not happen overnight,it will surely need sometime for it to take center stage the last one that occur actually took a whole year before it eventually hit its all time high .