The event happens every four years. Kurang lebih setiap empat tahun sekali, ketika 210,000 blok Bitcoin ditambang, hadiah untuk penambang akan dikurangi setengahnya. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. This period of time is very hard for miners and in turn some miners will have no choice but to turn off there mining hardware or look for more profitable cryptocurrencies to mine. For a more detailed analysis of each of the exchanges on our list, check out our full guide on How to Buy Bitcoin. Bitcoin halving is a phenomenon when the mining rewards are halved. Miners provide computing power to the bitcoin network in exchange for the opportunity to be rewarded bitcoin. If you'd like to analyze the BTC price trends of the past and make predictions of your own, you may do so by checking out the Bitcoin performance charts on our Cryptocurrency Tracker. In other words: Bitcoin halving = BTC mining rewards get cut in half = half the supply of new BTC coming into the market. See countries like Argentina and Venezuela for how not to do Once the block subsidy expires, transaction fees will pay miners for securing the network. The Bitcoin halving prediction is based on the latest block height of 778,862 and the average block time for the last one thousand blocks, which is currently at 590 seconds per block. As you can see, the orange line has clear steps down every four years at every halving. Some people believe that the halving is already priced in by the market and thus there's no expectation Methods and Ideas in 2023, How to Use Vertex Protocol: A Guide for the Testnet & Beyond, What is Arbitrage Trading in Crypto? The 2012 block halving was the first halving and happened on November 28th, 2012. When Bitcoin Halving occurs, the total amount of new Bitcoin awarded to a miner for validating a transaction on the Bitcoin network gets slashed in half. However, sometimes we can find significant patterns that can at least help us see some possible trends. Only then will you be able to understand the multi-dimensional nature of this phenomenon. It then uses The current block reward is 6.25 BTC, the next block reward will be 3.125 BTC. Since September 2015, Redman has written more than 6,000 articles for Bitcoin.com News about the disruptive protocols emerging today. There are 19,307,263 Bitcoins in circulation at this moment. To gain more information on how to partake in this coming Bitcoin Bull run and trade this cryptocurrency, you can read myHow To Trade BitcoinGuide. Our calculator uses live blockchain data to get the average block time for the past two months. However, we decided to put both countdowns on this page. for the price to do anything. Hurry up! With that being the case, let's run down some of the core aspects that we've coveredto refresh your memory! Ventures. its goal of becoming the hardest money known to man. (Animated DOs & DON'Ts). There are 2 main implications to be thought of. Very good real time full daily real-time bitcoin price chart with indicators Bitcoin Price Today. Fresh and furious casino with world name games, 1.010-4742-gcd49d0aca-dirty As you saw from the above code the initial bitcoin block reward was 50 BTC. Following this pattern of the Bitcoin halving cycle, it can be easy to mistakenly assume that the huge price swings are a direct result of these halvings. While BTC could experience multiple price swings throughout that time, investors believe that the surge in price after the halving event will be so significant that they will still end up making a profit. Bitcoin initial block reward was 50 BTC. This is an increase of 10,000%! Before the last halving in 2020, Bitcoin's price was at around $9,000. The halving block was mined On the aspect of bitcoins economy, halving creates a scarcity pattern for bitcoin. American students owe $1.6 trillion. trillion. The inventor stipulated a 21 million Bitcoin limit to control the supply and therefore future price fluctuations. What is a forking event? The second halving is scheduled to happen in 2024 - once again, for a more precise timeframe, check out our countdown above. That being said, let's take a look at how much the BTC price rose during the past Bitcoin halvings, percentage-wise. That's a lot of information to take in and process! A block takes around 10 minutes to mine (this depends on how many miners are there on the network, but the amount of time is readjusted automatically), which equates to a bit under 4 years to mine 210,000 blocks. 3.125 coins per block post halving. Theoretically, this means that it would be easier to attack the blockchain network and create 51% attacks. this lowers the rate at which bitcoins are generated. Simply put, a Bitcoin halving is the process of halving the rewards of mining Bitcoin after each set of 210,000 blocks is mined. Setting up and maintaining a bitcoin mining facility is a costly venture and miners expect the block rewards to at least offset these expenses. Share this significant event with your friends: What is Wash Trading: Crypto's Illegal Trading Activities, Best Crypto Trading Signals for 2023 and Beyond. With halving creating scarcity, driving up value, and slowing down the emission rate of bitcoin, more miners are attracted to secure the blockchain for a longer period of time. You can take advantage of this opportunity by trading Bitcoin with leverage on Bybit. This means that instead of 12.5 bitcoins, miners will now be rewarded with 6.25 bitcoins per block mined. Forks modify the rules of a blockchain. Bitcoin Halvingl s kin m s phn thng Bitcoin c to ra trn mi khi s gim mt na (chia cho 2). Robinhood Crypto Wallet Launches on Apples App Store, Crypto Wallet MetaMask Warns Investors Against Email Scams, Alameda Research Crypto Wallet Receives Almost $13 Million Worth of Crypto, Crypto Wallet MetaMask Stops Supporting Payment Platform Wyre, Ambire Wallet Review: A Smart Wallet That Emphasizes User Experience. The reality, however, is a bit different. On Apr 02, 2024 09:20:12 PM UTC the Bitcoin block reward is scheduled to drop from 6.25 Bitcoin per block to 3.125 Bitcoin per block. How the price has changed since the previous 4 years? As miners halt their activities, the mining hashrate is expected to drop. In the 2024 halving, the reward will drop from 6.25 BTC per block to 3.125 BTC. This is a regular occurrence that happens on a schedule that's built into Bitcoin's programming. In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. A decrease in mining hashrate could slow the bitcoin network and cause transactions on the blockchain to be executed later than they used to. What do you think about the Bitcoin networks progress toward the next halving exceeding 60%? Central banks convene their committee regularly to set the monetary policy of their countries. amount of new bitcoins issued every 10 minutes was 50. In the image, you can see how the Bitcoin price has had an amazing bull run following the three previous Bitcoin halvings. reached in 2140. Treehouse VS Udemy: What's the Better Choice for Programmers? Halvings have already happened three times in the Bitcoin network history: on November 28, 2012, July 9, 2016, and May 11, 2020. So, following that logic, the BTC price prediction for the 2024 halving could be an increase of approximately 200% from its lowest point. The block reward splits every 4 years. Then, the Crypto Winter happened, and the price of all cryptocurrencies took a huge hit - BTC fell to under $4,000at its lowest point. The exact date is impossible to predict, but with each halving happening every 4 years or so, we can expect Bitcoin's next halving to occur in 2024. while the blue line is the total number of bitcoins issued. As of now, the block reward is 6.25 coins per block and will decrease to In this article, we will explain to you exactly what this Bitcoin halving is and why it is so important to you as a Bitcoin enthusiast. The Bitcoin inflation model created by Satoshi Nakamoto can be called a true miracle compared to the current massive money printing by central banks around the world. Take a look at the BTC halving countdown above - you can use it to track the exact day when the event will take place! For investors, halving means a reduction in the frequency at which new bitcoins are generated and less propensity for miners to sell. Before the second halving, Bitcoin's price was at around $650. As bitcoins become BTC Halving Countdown - Source: CoinMarketCap The Bitcoin halving, which is also known as "the halvening," is the name for one of the most hotly anticipated events in Bitcoin's history. Weiss Ratings has released an analysis exploring the impact that previous halving events had on BTC. Code is law! The number of new bitcoins that are created via the block reward is reduced by half every four years. We are here to give you a detailed explanation of everything you need to know. Why is that the case? Satoshi Nakamoto is the creator of Bitcoin and he/she/they is/are just a genius (Satosho Nakamoto is just a nickname). Instead, these price swings are usually a combination of events, with the Bitcoin halving being just one of them. The 10-minute block time is just the average. You can check the mining data (hash rate, difficulty level, block time, mined blocks) at a glance. Also in the last column it is calculated if you bought $1000 of Bitcoin on the day of the previous halving how much you will get if you sell on the day of the next halving. Halving Countdown. As the years go by, this will protect Bitcoin from inflation while ensuring Bitcoin value and price continue going up. Get huge savings on the biggest crypto brands with custom discounts & deals. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. This would mean that after the halving not 1800 bitcoins, but only 900 bitcoins are freshly supplied to the market every day. It is estimated that the last Bitcoin halving will take place in the year 2140. On the aspect of sustenance, bitcoin mining incentivizes miners to validate blocks and guard the bitcoin network. At 12.5 BTC x 6 (six 10 minute cycles per hour) is 75 bitcoins minted per hour x 24 hours per day is 1,800 BTC per day issued. Have you always wondered what the Bitcoin Halving buzz is all about? This means that approximately 900 Bitcoins are generated every day. As history shows, though, investors actually tend to be very excited about an upcoming halving since it tends to impact Bitcoin's price in a very positive way. So, as far as miners are concerned, the Bitcoin halving of 2024, as well as all of the previous halvings, is a complex, two-sided issue. For general queries, including partnership opportunities. Update: As of July 2021, the Federal Reserves balance sheet grew from 4 Trillion to 6.7 Trillion Despite the high speed now, miners could easily slow down after the meaningful difficulty increase on October 10 is recorded and if BTC prices remain low. You need Bitcoin. price in While it's impossible to determine specific BTC halving dates for the future, the next event of this kind should take place sometime in March 2024. Join millions, easily discover and understand cryptocurrencies, price charts, top crypto exchanges & wallets in one place. Chart Overview: The chart above shows, how the. The 2024 halving will likely occur between February 2024 and June 2024. (Animated Explainer For Beginners), Hot VS Cold Wallet: Which One Do YOU Need? Three Bitcoin halvings have already taken place, one in 2012, 2016, and the last halving in 2020. Today, there are over 19 million Bitcoins in circulation. Judging by the numbers provided above, the percentage of how much the price increases each halving seems to shrink 3.5-3.9 times from the previous number. Thus, any and all price predictions should be viewed with a massive grain of salt and as nothing more than entertainment. the The maximum number of halvings allowed is 64. That's because Bitcoin's halving affects miners positively as much as it does negatively. network. In normal markets, lower supply with steady demand usually leads to higher prices. So, if the block time decreases to 9 minutes then the ETA will be sooner than expected, and vice versa. The last bitcoin halving happened on May 11, 2020, at the block height of 630,000. The data will be updated every 10 minutes. BTC: 41.0% USD Advertise Connect 3 Litecoin Halving Countdown Time remaining until Litecoin block rewards will be cut in half: 155 Days : 07 Hours : 14 Minutes : 54 Seconds The reward is estimated to decrease on: Sun, 01 Oct 2023 07:28:01 UTC Blocks Left 93,340 Halving At 2,520,000 Current Block 2,426,660 It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. blocks to go Bitcoin has a total supply of 21 million. This means that the Bitcoin inflation will be lower than the official inflation target of 2% set by central banks. We can see this in the following graph: To find out how many bitcoins are currently in circulation, you can check out this chart here. This is why we created this on-chain Bitcoin halving countdown. Size up the stablecoins sector with our new, Login to track your favorite coin easily . You will receive an email with instructions for how to confirm your email address in a few minutes. When block 840,000 is hit in 2024, the subsidy will The purple on-chain Bitcoin halving countdown on this page is based on data that comes directly from the Bitcoin blockchain, via blockchain.com. Electroneum Price Prediction: Will It Rise? 840,000. Ideally, it should reach this bock number by May 24, in the coming year. (5 Best Crypto Security Practices Explained), How to Pick the Right NFTs? As news outlets write about this phenomenon, it gains more and more traction and attention from people who might have never even heard of Bitcoin. Miners ensure that the blockchain is protected from malicious attempts. Bitcoinsensus.com further shows the halving time based on the average ten-minute rule which shows the halving will occur on May 1, 2024. The speed at which the 2,016 blocks are found in between difficulty adjustments determines the difficulty and current block intervals suggest a large difficulty jump is in the cards. The first one is that the price of bitcoin may increase. After a predetermined block height (a number that is used to indicate a particular block), the amount of bitcoin emitted per block is reduced to half of the previous number. This is to give you access to both ways of estimating the Bitcoin halving date. But more than 98% will be mined by 2030. to compare housing prices decades ago to now and you'll notice that they've increased over time! No one knows why Satoshi Nakamoto chose the 21 million Bitcoins limit or why the inflation is cut in half every four years. AltcoinsBOX love cryptocurrency and our team are here to bring you professional altcoins news. But just look at where it was a year later. However, we decided to put both countdowns on this page. gratification. Halving Block reward 50% Bitcoin . Trong ln Halving u tin , gi Bitcoin tng t $12,31 ln n $994,21 mt nm sau - mc tng 7.976%. money printing. When Will The Last Bitcoin Be Mined? All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (Site) is for your general information only, procured from third party sources. BitDegree.org does not endorse or suggest you to buy, sell or hold any kind of cryptocurrency. Now, a big point that needs to be emphasized (and taken into account) here is that while analyzing Bitcoin halving dates is useful, it also doesn't really tell us the whole story. The first Bitcoin halving occurred on Nov. 28, 2012, after a total of 10,500,000 BTC had been mined. which the Federal reserve then buys up. However, all of these Bitcoins are not mined yet. However, allow me to reiterate an earlier point - all of this is just for entertainment purposes, and BTC price predictions shouldn't ever be taken seriously! Now, its impossible to know what the price of Bitcoin will be in the future, but lets just agree that we should rather buy Bitcoin today than to wait for the inflation to hit 0%. This is done because the Bitcoin network is decentralized, so there is no central bank or authority to validate transactions. Bitcoin Halving ? To stay up-to-date on the latest developments of the Bitcoin halving and for ongoing discussion, please follow us on Twitter. I'll elaborate on some of them below, but the key takeaways are: So - as we've established, Bitcoin halving is a process that takes place approximately every 4 years. With this knowledge in hand, you are better equipped and ready to take the next step. BTC price before halving, BTC price after halving. The halving is periodic and is programmed into Bitcoin's code. During the halving, two big things happen - the rewards that miners receive for successfully mining a BTC block get halved, and the supply rate of new BTC entering the market is reduced by halfas well. To the uninitiated, bitcoin's mining reward halving is a programmed code to reduce the pace of supply expansion by 50% every four years. Countdown Based On Current Block Generation Time of Minutes, Countdown Based On Average Block Generation Time of 10.00 Minutes, Bitcoin halving is a very popular term among crypto traders. The most recent (2020) halving reduced bitcoin emission from 12.5 bitcoin per block to 6.25 bitcoin per block. Bitcoin halving serves both economic and sustenance purposes. While the 4-year rule isn't set in stone, these dates show us that it does take roughly that period of time to reach each following BTC halving. Since it was first created and launched in 2009, Bitcoin has had three halving events. Ever since Bitcoin was first designed, the following consensus rules exist to this day: It is always a debate on what Bitcoin will do in terms of pricing for a halving event. At this point, the Bitcoin block reward went down from 25 BTC to 12.5 BTC. Besides transaction fees, miners also receive block rewards for every block that they process correctly. Bitcoin halving ETA date: 04/29/2024 5:32 AM Total bitcoin left to mine 1,696,612.5 Bitcoin price $23,498.34 Blocks until halving Calculations show Return on Investment for the halving period and for 1 year respectively. European options group with put and call options of different strike prices and exercise dates. Plenty of easy to use strategy trading bots, Professional digital asset solutions for institutions, Design for market makers to enjoy attractive rates, Apply for an institutional loan or line of credit, Enhance institutional digital asset management, Benefit from integrating with the Gate.io Broker Program, Connects to the Gate.io application ecosystem, Crypto-to-crypto trading, such as selling USDT for BTC, Swap one currency with another in one click. Interact with the Bitcoin network, invest with an edge, - Monthly, yearly, and enterprise subscriptions, The number of bitcoins generated per block decreases by half every 210,000 the top of this page. Earn commissions by sharing Gate.io with your audience, Invite your friends for fee disccount and more, Services for quant, maket makers and brokers, Buy and sell crypto with multiple options, Get new blockchain tokens airdrop and IEO, Automate trading strategies and increase profits, Automate your trading by copying the top traders. One mitigating factor to all of this is mining pools. Vo Halving ln th ha i, gi tng vt t $650 n $19.535 trong mt nm sau - nh du mc tng 2.902%. Following each halving event, the price of Bitcoin has shot up in response to the knowledge that only half the previous number of Bitcoin would be released per authenticated transaction. The block reward splits every 4 years. First of all, the approaching Bitcoin halving tends to get into the news. This means that the estimated time of arrival (ETA) of the halving may vary. The Litecoin halving countdown timer predicts the next Litecoin halving date to occur on Wed, Aug 02, 2023 at 11:05:29 PM GMT *. As long as bitcoins emission continues, miners are drawn to the mining exercise and the bitcoin blockchain remains secured. In 2018, the owner let the domain expire. These Bitcoins will be distributed through a strict set of rules. When party events are posted, we'll keep track of them here! However, during Bitcoin bull runs, Altcoins tend to underperform the giant because investors are moving money out of Altcoins and into Bitcoin in order to catch that massive price surge that usually occurs after every halving. According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. After doing some research, those same people might become interested in acquiring other cryptocurrencies themselves. That date is hardcoded in the script and is used for the countdown calculation. It shows a consistent decrease in block rewards as the supply gradually slows down with each halving. Whether this is a coincidence or a direct influence of the BTC halving isn't really a question that can be answered conclusively at this time. This means that they will have problems covering their cost, and this will drive miners with the highest electricity costs out of the market first. The third Bitcoin halving took place on May 11th, 2020 cutting the block reward to 6.25 Bitcoins per block. Maximum Bitcoins count is 21 000 000 BTC. Halving is a double-edged sword, for different groups, it means different things. iu ny lm chm qu trnh pht hnh Bitcoin. Bitcoin currently holds around 60% of the total market dominace in the cryptocurrency industry. This reduction in supply helps to control the overall inflation rate of the cryptocurrency and maintain its scarcity. However, thanks to the Bitcoin difficulty adjustment, the block time usually stays close to 10 minutes. The halving decreases the amount of new bitcoins generated per block. Download Bitcoin (ROI) based-on Bitcoin halving-dates, 1850 K St NW, Washington, DC 20006, United States. Have a dream of changing your life with crypto? It is also important to follow patterns of previous halving events for a clearer understanding of what's to come. This website uses cookies for functionality, analytics and advertising purposes as described in our. The Halving (sometimes referred to as "the Halvening") is the predetermined moment when Bitcoin's block subsidy gets cut in half. Find and compare awesome blockchain and crypto products and services, Catch up with the latest news from 60 biggest crypto outlets. We respect your privacy & never send spam. On the day of the halving, you will find out if there is a big movement in bitcoin price before halving and what will be the price of bitcoin after halving. bitcoin halving countdown 425 : 14 : 2 days hours minutes Current block 778,714 Current block reward 625,000,000 Halving block 840,000 Block reward after halving 3.125 BTC Blocks remaining until halving 61,286 Halving date Apr 29, 2024 1:25 PM UTC Go to bitcoin explorer bitcoin cash halving countdown 403 : 0 : 1 days hours minutes Current block What is the Most Secure Vault in the World? (Wednesday) 9:58 AM 9:59 AM(GMT+00:00) View in my time, There are more than 20 cryptocurrencies, but only 20 of them have a halving. The price then went up inside an impulse wave 3 and found a bottom around $155 which ties into a 0.854 fibonacci retrace. This lowers the rate at which Bitcoins are generated. Specifically, if you were to ask most miners what they think about the BTC halving cycle, the opinions that you'd get back would probably be quite two-sided. supply of new bitcoins, and demand usually remains steady, the halving has usually preceded some of Bitcoin's Other denominations are used: "reward drop", "reward halving", or simply "the halving" or "the Halvening" which is a popular meme among bitcoiners. Each halving lowers Bitcoin's inflation rate. This is primarily due to the variety of mining power that Bitcoin miners possess. Transactional information is stored within blocks, which are then connected chronologically - this way, it's clear when each and every single transaction happened. Historical price action can never guarantee future price action. Whether it be past halving events, future BTC halving dates, or any of the theoretical information in between, we've touched on all of the most important information regarding the phenomenon. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Each block contains a set number of transactions. Non-fungible token (NFT) sales saw a small uptick over the last week as $658.4 million in NFT sales were recorded, up 3.35% in seven days. This leads to a lag in the automatic difficulty adjustment. Since Bitcoin Cash was launched in 2017 and employed a different mining algorithm at the beginning, the first BCH halving date was April 8, 2020 - it was initiated at block 630,000. Like gold, the premise is that over time, the issuance of bitcoins will decrease and thus become scarcer over time. First halving was around $13.36. You should conduct your own research, review, analyse and verify our content before relying on them. Oct 9, 2022 Progress Toward Bitcoin's Halving Is 60% Complete, Block Times Suggest Reduction Could Happen Next Year According to countdown statistics based on the average block generation time of around ten minutes, progress toward the next Bitcoin block reward halving has surpassed 60%. Don't forget to keep an eye on the Bitcoin halving countdown above - bookmark this page so that when the time comes, you will know when the halving event will happen, specifically! largest runs. Redman has been an active member of the cryptocurrency community since 2011. The next occurred on July 9, 2016, and the latest was on May 11, 2020. bonds on the open market, and the previous bond holders get new money. Freshly-minted fiat is then pumped into the economy through asset purchases - the central bank buys What is a block halving event? This is because, a new block is added approximately every 10 minutes, but the block time changes from day-to-day. In public blockchain networks miners verify transactions in blocks and are rewarded with transaction fees and newly minted coins. As soon as a miner successfully solves those equations and verifies a block, they receive the block reward - an amount of BTC that is determined each Bitcoin halving cycle. This lowers the rate at which Bitcoins are generated. Interested to stay up-to-date with cryptocurrencies? Countdown based on current block generation time of 8.23 minutes. Note how the price has jumped Current Block at Miners will continue to confirm Bitcoin transactions, but will only receive BTC fees as a reward, because after 64 halvings of the initial reward of 50 BTC, the block reward will be zero. Remember how the Fed gets new money into the economy - through bond buying right? The next halving will be the third halving, and. On this page, you can see the current block time, and it is that number that is used to estimate the Bitcoin halving date for the turquoise countdown. Understanding Bitcoin halving might sound like a complicated task, but its easier than you think. The next halving is expected in 2024. As stated above, this schedule of halvings will continue until the Bitcoin inflation is 0%. Most of the other halving date estimators use 10 minute blocks to calculate the estimated halving date. New blockchain tokens airdrop and IEO. often Treasury bonds issued by the US Government. If you appreciate my work, please donate: All Bitcoin Block Reward Halving Dates History, Bitcoin Return on Investment (ROI) based on Bitcoin halving dates and price, Bitcoin ROI relative to Bitcoin halving dates history and Bitcoin price history, Add Bitcoin Halving 2024 vent on Google Calendar, Bitcoin SV Halving Countdown (Bitcoin SV Halving Dates and Prices History), Bitcoin Cash Halving Countdown (Bitcoin Cash Halving Dates and Prices History), Bitcoin Gold Halving Countdown (Bitcoin Gold Halving Dates and Prices History), BKEX Logo (Download BKEX Global Logo in SVG, AI, EPS, PNG, JPG), Creative Commons attribution-NonCommercial 4.0 international license, 419 days remain until the next Bitcoin halving on April 24, 2024, 1st BTC halving November 28, 2012 at block height, 2nd BTC halving July 09, 2016 at block height, 3rd BTC halving May 11, 2020 at block height. What is the Significance of the
A copy of the fractal pattern. In, approximately, the year 2140 there will be 21 million BTC in circulation. Reward The reality is most miners are very smart and I would like to subscribe to CoinGecko's daily newsletter. Soon, this will become 6.25 BTC per block. Unless bitcoins price breaks the $20,000 barrier, those who employ older-generation machines or have bloated mining operations will face an even tougher time ahead. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. When Bitcoin first started, 50 Bitcoins per block were given as a reward to miners. According to an advisor with the authority, the tokenizing of real estate will open investment opportunities for local and foreign investors. Prices stood at $12 when the mining reward was first cut in November 2012, and stood at $652. At the current rate of emission, the unmined bitcoin will be exhausted before this speculated time. We strive to present all the information & pricing as accurately as possible, but we cannot ensure that the data is always up to date.