Halving vs Scarcity

Halving is a programmed event in Bitcoin's protocol that occurs approximately every four years, cutting the mining reward for new blocks in half, systematically reducing the rate at which new bitcoins enter circulation until the maximum 21 million supply is reached.

Scarcity in cryptocurrency refers to the limited supply of digital assets, creating value through programmed rarity that cannot be arbitrarily increased, distinguishing cryptocurrencies like Bitcoin from infinitely printable fiat currencies and establishing digital ownership with provable limitations.