How does the Bitcoin halving affect the network's incentives and dynamics?
Bitcoin is a decentralized cryptocurrency that relies on a network of nodes and miners to validate transactions and secure the system. Unlike traditional currencies, Bitcoin has no central authority or intermediary that controls its supply or rules. Instead, it operates on a set of protocols and incentives that are embedded in its code and enforced by the network. In this article, we will explore how the Bitcoin halving affects the network's incentives and dynamics, and what implications it has for the future of Bitcoin and blockchain.