BaseThe Halving comes from OPP Series 3 - Warriors vs. Villains, a set in Bitcoin Trading Cards, a collector line that borrows its scarcity model straight from crypto. It was illustrated by Alladin & Genjos. Of the 148 cards in the set, this is number 6. 5 variants of this card exist.
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A bitcoin halving occurs when the reward for mining new blocks is halved, resulting in miners receiving 50% fewer bitcoins for solving a new block. When Bitcoin was first launched in 2009, miners were rewarded with 50 bitcoins per block. The block reward is halved every 210,000 blocks mined (roughly every 4 years) and will continue to halve until the reward per block reaches zero (around year 2140). This mechanism is designed to control inflation and ensure scarcity. A reduction in mining rewards reduces the number of new bitcoins on the market. As a result, halvings often lead to increased interest and speculation on bitcoin.
