Dad: Son, what is an "Epoch" in Bitcoin?

Son: Hi Dad,

With a "Bitcoin epoch" people usually mean a period of roughly 4 years (210,000 blocks and about 10 minutes between them) with a specific mining reward.

The first epoch started with the genesis block in 2009, and a block reward of 50 bitcoin.

From May 2020 until some time in 2024, we're in the 4th mining epoch, and the block reward is at 6.25 bitcoin per block.

Dad: I see a bitcoin supply squeeze coming.

Son: Dad, me too.

#Bitcoin