Bitcoin’s next halving event — which will see the block reward for miners on the network drop from 6.25 to 3.125 BTC — is now approaching and just 100 days or approximately 14,500 blocks away, according to estimates from CoinGecko and OKLink.

The estimated countdown is based on Bitcoin's average block generation time of 10 minutes, setting a potential date of April 22 as things stand.

Bitcoin halvings are programmed to occur automatically every 210,000 blocks, roughly every four years. Once hit, miners will receive 50% less in bitcoin rewards for every block they verify and add to the blockchain. However, they will continue to earn the additional transaction fees per block as normal.

There have been three halving events in Bitcoin's history so far, reducing its block reward inflation …