How long does 1 block take Bitcoin?

Accompanying the mining of each block, the network generates a predetermined amount of Bitcoin, known as the block reward. This reward serves as an incentive for miners to contribute their computational power to maintaining the network.

Prior to a crucial event in Bitcoin's history, specifically the halving scheduled for April 2024, the block reward was set at 6.25 Bitcoins per successfully mined block. This mechanism is designed to gradually reduce the supply of new Bitcoins entering the market over time.

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Every 10 minutes, a new block is discovered within the Bitcoin network, marking a significant milestone in the cryptocurrency's decentralized ledger. This process ensures the ongoing security and integrity of the blockchain.