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Glossary

Halving

A scheduled cut in new bitcoin issued to miners, not a price plan.

Bitcoin’s software reduces the block subsidy on a known schedule. That is the halving. It changes how many new coins miners receive. It does not change how many coins already exist, and it is not a strategy.

Headlines treat each halving as a new era. The useful fact is the issuance schedule. What people pay is a separate story.

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