Don't think from the main image of this post that I'm implying that BITCOIN was broken or cracked, not at all, but if there's something that's going to be broken in half...

Important information for those of us who make life in the cryptographic world. Understanding some of the things that happen is necessary, since it allows us to be better located in these technological spaces, and to be able to find better opportunities.

In this opportunity I want to talk about HALVING, although we know that this is to break in half in everyday language, as a term used in what to Blockchain and Criytocurrency has another connotation.

Before I explain what Halvig is, I must clarify the following:

Chain of blocks and crypto coins usually go hand in hand. If we visualize the Blockchain as a big book, each page of this book is a block, in these are written (at a computer level) all the transactions that are executed. These blocks are formed little by little, and those who are in charge of these are the people who have mines, a special device is created for this purpose.

Each time a Block is formed a specific amount of a given crypt currency is formed, as a reward the miners (for their work) receive a fraction of the newly formed crypt currency from the creation of the Block.

Well, understanding this, there is another point that I must touch here, each (most) cryptomoney has a maximum number of production, they are finite, unlike FIAT money (dollar, Euro, Bolivar, peso, etc) that the central banks of each country can produce them infinitely. A characteristic of many crypt coins is that from time to time production is reduced by half. To give an example

*If 10000 thousand Bitcoins are produced every certain amount of blocks, there comes a moment, previously established by their creator, that instead of 10000 there will be 5000 that are formed.

This decreases as the maximum amount of production of that specific currency approaches. In this case, Bitcoin has a maximum production amount of 21 million.

_Source

The meaning of Halving in the world of cryptomontages is this, as you can see, halved as well. I must emphasize that it is not only Bitcoin that complies with this, there are also other cryptomontages, for example Litecoin, in which the reduction in production to half the reward is executed every 840,000 blocks that are mined.

There are other aspects that have to do with this, and perhaps I have called your attention to them, it is these things that I will talk about in the next publication, for example:

Because it has a maximum production number?

What's the point of halving the production of coins every few years?

Does this affect the price?

This is about the Halving that will take place this month for the Bitcoin...Which has given us a lot to talk about.

I hope I've explained myself as well as I can.

Thankful for your support.

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