THIS DAY IN BITCOIN HISTORY

May 11

What happened in Bitcoin on May 11: The third halving (2020).

ON THE TIMELINE

Turning points on May 11.

2020

The third halving

Block 630,000 cuts the reward from 12.5 to 6.25 BTC.

block subsidy: 12.5 BTC → 6.25 BTC

Block 630,000 · May 11, 2020 · 19:23:43 UTC
SATOSHI ON ECONOMICS
The problem of course is the payee can't verify that one of the owners did not double-spend the coin. A common solution is to introduce a trusted central authority, or mint, that checks every transaction for doub…
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