What is the meaning of halvening in the context of cryptocurrency?

1 answers

• Emmanuel DauduOct 26, 2023 · 2 years ago
  Halvening, or halving, is a term used to describe the process by which the block reward for miners in a cryptocurrency network is reduced by half. This reduction occurs at regular intervals and is programmed into the cryptocurrency's protocol. The purpose of halvening is to control the rate at which new coins are created and introduced into circulation. By reducing the block reward, halvening helps maintain the scarcity of the cryptocurrency and can potentially increase its value. It's important to note that halvening does not directly affect the supply of existing coins, but rather the rate at which new coins are generated. The anticipation and occurrence of halvening events often generate excitement and speculation in the cryptocurrency market.
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