On Friday, the 900,000th block of Bitcoin was mined, a major milestone for major cryptocurrencies.
The major events have been widely praised within the Bitcoin community.
Block height took almost two years to increase by 100,000 blocks. The 1 million milestone is expected to reach around May 2027.
The maximum possible Bitcoin supply is limited to 21 million coins.
In the early days of Bitcoin, each block offered a reward of 50 BTC.
For every half event that takes place for every 210,000th block, this reward is reduced by half.
According to data provided by Coinwarz, the next half of the events are expected to take place in March 2028 at a block height of 1,050,000.
Finally, after about 33-34 halving, the block reward decreases to almost zero. This happens at about 2,140. By then, the number of blocks is expected to exceed 6.9 million.
After this, mined blocks will no longer create new coins. Instead, miners rely solely on fees from the trade.
Currently, more than three of the four circulating coins have already been mined.
