So, in April 2024, there was a Bitcoin halving event, which is said to occur approximately every 4 years.
If you're into puzzles, this is for you. Because if you like solving complex math puzzles, you could be a Bitcoin miner. In the Bitcoin network, as a miner, not a minor, you get rewarded with newly-created Bitcoins when transactions are verified and added. For every block that gets mined, there's a set amount of Bitcoins rewarded. So, if it were 12.5 bitcoins per block, it'd be halved to 6.25 bitcoins per block.
Still not in with the jargon? There's a public ledger called Blockchain, which you may have heard of. And Bitcoin mining is how transactions are verified and added to this ledger. If there's a transaction on the Bitcoin network, Bitcoin gets transferred from one user's digital wallet to another. Miners are said to collect these individual transactions from the network and organize them into a block. This means verifying each transaction to make sure the sender has the authority to transfer them. And by forming a block, multiple transactions could be simultaneously processed efficiently. And if you're able to tell Pat you can solve the puzzle, you get rewarded with newly minted Bitcoins.