re: Official CryptoTalk Thread

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The halving helps to sustain the mining reward system over a longer period of time. Initially, the mining reward was 50 BTC. Without the system of halving, we would still be releasing Bitcoins at 50 BTC every 10 minutes. At this rate, we would have reached the maximum supply cap of Bitcoin, i.e. 21 million coins in just eight years. This means the process of mining on the network would stop after eight years. By halving the rewards every 210,000 blocks, we are ensuring the continuation of the mining process for a substantial period of time.

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