Halving

Halving is an event in cryptocurrencies where mining rewards are halved and the block reward is reduced.

Halving refers to the halving of the reward system in crypto currencies at regular intervals. In many cryptocurrencies, such as Bitcoin, the mining reward amount is halved at certain block intervals. This process causes the supply of the cryptocurrency to decrease and often the price to increase as demand remains constant or increases while supply decreases. The halving is designed to control the inflation rate of the cryptocurrency and is generally considered an important event because the decrease in mining reward can affect the economic dynamics of the cryptocurrency.

Our Community

Related Terms