Bitcoin & Bitgesell Halving in April



Bitcoin & Bitgesell Next Halving

In cryptography, especially in Proof of Work (PoW) based blockchain systems like Bitcoin or Bitgesell, halving refers to the reduction of mining rewards by half at predetermined intervals. In the case of BTC, this process occurs approximately every four years, decreasing the rate at which new cryptocurrency units are created. Meanwhile, BGL coin experiences halving every year.

The goal is to control inflation, ensuring a capped and finite supply; both BTC and BGL have a maximum supply of 21 million coins. The most well-known example is Bitcoin's halving, which happens every 210,000 blocks, similar to Bitgesell Coin. This mechanism introduces scarcity over time, influencing the economic dynamics of the cryptocurrency and potentially impacting miners' incentives and network security.

Bitgesell and Bitcoin will reach the same number of coins mined by April 2024. Bitgesell undergoes yearly halving until 2054, while Bitcoin experiences halving every four years until 2140.

In total, there will be 34 Bitcoin halvings and 34 Bitgesell halvings. 

Facts:

Bitcoin started running: 

3 January 2009


1st BTC Halving 

Date: 28 November 2012

BTC mined during 4 years: 10 500 000 coins


2nd BTC Halving 

Date: 9 July 2016

BTC mined during 4 years: 

+ 5 250 000 coins


3rd BTC Halving 

Date: 11 May 2020

BTC mined during 4 years: 

+ 2 625 000 coins


4th BTC next Halving 

Date: 23 April 2024

BTC mined during 4 years: 

+ 1 312 500 coins


Total coins mined after Bitcoin halving April 23, 2024: 

19 687 500 BTC coins*

* Bitcoin doesn't have burn mechanism! 

Source: https://bitaps.com/


Bitgesell started running:

4 April 2020


1st Bitgesell Halving 

Date: 28 Mars 2021

BGL mined during 1 year: 

10 500 000 coins


2nd Bitgesell Halving: 

Date: 4 June 2022

BGL mined during 1 year: 

+ 5 250 000 coins


3rd Bitgesell Halving: 

Date: 18 April 2023

BGL mined during 1 year: 

+2 625 000 coins


4th Bitgesell next Halving: 

Date: 24 April 2024

BGL mined during 1 year: 

+ 1 312 500 Coins


Total coins mined after Bitgesell halving April 24, 2024: 

19 687 500 BGL coins*

* IMPORTANT: Except burnt coins:


Source: https://bgl.bitaps.com/


Bitgesell Article about Bitgesell Scarcity:

https://news.bitcoin.com/halving-burns-on-bitgesell-the-optimal-combination-for-scarcity-and-value-in-the-crypto-age/


*****


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