Every so often, a new technology appears that changes the way we as a society operate. From the wheel to the internet, the introduction of new technology brings about massive change and has an enormous impact on our future. Perhaps the most significant invention over the last decade is that of Blockchain technology and Bitcoin. Both are paving the way for financial freedom for the masses, and are changing the way we think about money & finance.
Also referred to as halvening, to understand what the Bitcoin Halving means, you must first gain a firm grasp of Bitcoin’s infrastructure. As the term blockchain itself infers, Bitcoin is composed of data blocks that are cryptographically chained across network nodes. Each of these nodes, which is a network-enabled computer, contains the entirety of blockchain’s history of transactions. Currently, there are about 50,000 Bitcoin nodes.