Bitcoin ![images - 2022-03-31T133532.851.jpeg](https://cdn.steemitimages.com/DQmd1587fE4Ztntcy1oHxzAwSao9a2KEA8bQcVciSv4eipz/images%20-%202022-03-31T133532.851.jpeg) [Image Source](https://images.app.goo.gl/BgRnus4gtoFAbFjX9)

This digital currency is relied upon by so-called "minors" who run software that solves complex mathematical problems to obtain bitcoins. The bitcoin went through its 'hoving' process on Monday, in which the rate of making these queens was reduced. This process, called bitcoin hawking, is done almost every four years. As the currencies of different countries are printed by the central bank of the country, bitcoin cryptocurrency depends on the so-called "minors" who run software on their powerful computers that solves complex mathematical problems to obtain bitcoin. Is. Bitcoin comes into the digital world by solving these complex problems. After Haung, the number of bitcoins used to solve complex mathematical problems has halved. That means Monday's honing means that the number of minors who used to get 12.5 bitcoins for solving a "block" has now dropped to 6.25 bitcoins. This feature was written in the code when creating this digital currency so that the inflation of this digital currency would be under control will stop. ![images - 2022-03-31T133625.431.jpeg](https://cdn.steemitimages.com/DQmeSz1T6cUD3UwcVJEeEV9Qrik94ivSHgjLMmu1Ek3LApL/images%20-%202022-03-31T133625.431.jpeg) [Image Source](https://images.app.goo.gl/cZej7m5qPX78mDXx5)

This is Bitcoin's third hover since the invention of the bitcoin in 2009. The first time this happened in November 2012 and the second time in July 2016. The next time this happens is in May 2024.

![images - 2022-03-31T133711.670.jpeg](https://cdn.steemitimages.com/DQmYvGEcDZMAmEEP2PDXU8bQs358mGdvBaDjHL6KifvGAkY/images%20-%202022-03-31T133711.670.jpeg) [Image Source](https://images.app.goo.gl/FqMVS3jzGs7VNEyx7)

According to the bitcoin code, the number of bitcoins received by miners will halve after every 210,000 blocks, until in about two decades this number will be reduced to zero, hence the number of bitcoins in the world. This is because, unlike currencies such as the dollar, pound or euro, there is no central bank to regulate the supply of digital currencies. Proponents say that the reason for its scarcity is that the value of the bitcoin is maintained, and that is why investing in it may be safer in times of crisis than in the case of common currencies. The value of this digital currency has risen by more than 20% this year, reaching ڈالر 10,000 per bitcoin last week. This comes after reports that hedge fund manager Paul Tudor Jones called the cryptocurrency an "investment to protect against inflation". But according to some investors, housing may be less attractive to miners.

## Special Thanks To @hungry-griffin ## Best Regards By @husnain775 ![IMG-20220312-WA0002.jpg](https://cdn.steemitimages.com/DQmXuoh5evTNVM9M4pCK4fhwrzcDmgQibPPEkCCLAsnb51t/IMG-20220312-WA0002.jpg)