The last division of the award in half took place on the evening of May 11, a few hours earlier than expected.
Just an hour before the event, the pace of block production exceeded the usual speed by two times, which accelerated the onset of hour H. Block 630,000 mined the AntPool mining pool.
The price of Bitcoin continued to fluctuate during the first five months of 2020. As the halving approached, BTC almost reached $10,000, but failed to gain a foothold and is now trading at $8,700.
The rate of the first cryptocurrency at the time of halving remained virtually unchanged. And the cost of transactions on the network jumped sharply the day before by 300 percent.
The latest event reduced the block reward from 12.5 BTC to 6.25 BTC. The next reduction to 3.125 BTC will occur in 4 years at block 840 000.
The third decline in the value of Bitcoin took place against the backdrop ofpandemic that may be challenging the global dominance of the US dollar, with the digital yuan and Libra laying the foundation for the future financial system. Some people believe that Bitcoin – it is digital gold with decentralized characteristics, encrypted using blockchain technology. Others consider it one of the biggest frauds in history.
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