What's happened
Bitcoin's upcoming halving event set to impact its creation process and the crypto market.
Why it matters
The halving event is significant as it historically precedes record-breaking rallies in bitcoin's price, potentially prompting another surge in value.
What the papers say
The Independent reports on the historical significance of halving events and the fixed supply of bitcoins, while Business Insider UK highlights the debate over bitcoin's energy use and the European Central Bank's skepticism towards the cryptocurrency.
How we got here
Bitcoin's unique digital design limits the total number of bitcoins that can ever exist to 21 million, with more than 19 million already produced through mining.
More on these topics
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Bitcoin is a cryptocurrency invented in 2008 by an unknown person or group of people using the name Satoshi Nakamoto and started in 2009 when its implementation was released as open-source software.
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Satoshi Nakamoto is the name used by the presumed pseudonymous person or persons who developed bitcoin, authored the bitcoin white paper, and created and deployed bitcoin's original reference implementation.
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Craig Steven Wright is an Australian computer scientist and businessman. He has publicly claimed to be the main part of the team that created bitcoin, and the identity behind the pseudonym Satoshi Nakamoto.