"What actually happens during a bitcoin halving? Technically speaking, not much", The Block Interviews DCI's Tadge Dryja

Written By Ashley Jacobson

by Mike Orcutt. April 30th. theblockcrypto.com

Quick Take

  • Bitcoin’s third-ever block halving is set to take place next month

  • But from a network perspective, what exactly happens? 

The cryptocurrency world is abuzz with speculation about the potential impact of next month's bitcoin halving, when for the third time in the network's history, the reward for mining a block will be divided by two.

Much of the discussion revolves around what will happen to the price. But we'll have to wait until after the thing actually happens - around May 12 - to know that. In the meantime, let's explore a different question: What exactly changes under the hood during the halving?

Ashley Jacobson
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ClockWork: An Exchange Protocol for Proofs of Non Front-Running by DCI Co-op Dan Cline with Tadge Dryja and Neha Narula of the DCI