Bitcoin Halving 2024 Implication

Implication : 

Reduced Supply:

The halving cuts the block reward for miners in half, decreasing the rate at which new Bitcoins enter circulation.

This limited supply could contribute to price increases if demand remains strong. 

Increased Difficulty:

With less incentive for mining, the network difficulty might adjust, making it harder to mine new blocks. This could lead to increased mining centralization, potentially impacting security.

Energy Consumption:

As mining becomes less profitable, miners with less efficient hardware might be driven out, potentially lowering overall energy consumption.