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Bitcoin's halving event is set for Friday or Saturday—why it's hard to say exactly when [Fortune]
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I'm talking about the impending Bitcoin halving, which is designed to take place every four years or so, and this time around will result in the supply of each new block of the blockchain delivering 3.125 new Bitcoins instead of 6.25. Plenty has been written about what this will do for the price of Bitcoin (Niamh has a good summary here ), so I wanted to write instead about why no one can say for sure when this big event will happen. Earlier news reports speculated that the Bitcoin halving would take place on Saturday 4/20, which would offer the opportunity for plenty of “all-time-high” jokes. But more recently, reports have hedged by saying the event will occur either Friday or Saturday. The precise reason for the uncertainty is well-known to hard-core Bitcoin folks but probably not to most of those who follow crypto more casually. The answer lies in the fact that new blocks are not added to Bitcoin's blockchain at precise intervals. While it's common to say new blocks are added
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