A massive Bitcoin event is coming next week. Here’s what you need to know.

Early next week, Bitcoin is about to experience its third-ever halving, a hugely important event that could shift the balance of power within the network. Historically the event, also called the halvening, drove the price of Bitcoin up, especially in the long term. There are also certain dangers associated with this event — though you probably don't need to worry too much. 

So what is the halving, and what do Bitcoin owners need to know about it? Read on. 

What is it?

Bitcoin's network is run by miners, users who run special software on powerful, specialized computers, solving an increasingly complex math problem. Every time the math problem is solved, a new "block" in Bitcoin's blockchain is created and verified by all the other miners. Each block contains the latest batch of transactions on the network. Once a new block is found, the math problem is replaced by a harder math problem, and the cycle begins anew.  Read more...

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