And it happened finally! The third Bitcoin halvening event was concluded around 11th May, 2020 at 19:23:23 UTC and the block rewards are now officially cut in half from 12.5 BTC to 6.25 BTC. The event was highly anticipated by the crypto community and blockchain enthusiast. As expected, it caused an increase in the volatility of the premier crypto-asset, but is likely to have a positive influence on the price of Bitcoin, gathering from past halvening events.
The Final Block – 629,999
Bitcoin inflation rate now is 1.80% per annum (falling from 3.65%) making it scarcer than gold. Actually, Bitcoin is now the least inflationary asset, in the world. Until now, 87.5% of Bitcoin’s supply (21M total) has been mined. The final block before the halvening was mined by “F2Pool” at block height 629999. It rewarded a total of 13.568 BTC to the block (out of which 12.5 BTC was the final block and the rest was the amount paid to miners for processing other transactions). The block contained the following message in its Coinbase transaction “NYTimes 09/April/2020 with $2.3T Injection, Fed’s Plan Far Exceeds 2008 Rescue”.
