The influence of halving on the development of the cryptosphere
🤗 Hello, dear community. In this post, we will tell you about the influence of halving on the development of the cryptosphere.
𝗪𝗵𝗮𝘁 𝗶𝘀 𝗵𝗮𝗹𝘃𝗶𝗻𝗴?
It’s probably from the name that Halving is a halving. That is, with each new halving, the reward of miners for each block added to the blockchain is halved. Currently, miners receive a reward of 12.5 bitcoins per block. Remuneration reduction occurs every 4 years or after approximately every 210 thousand blocks added.
𝗛𝗼𝘄 𝗱𝗼𝗲𝘀 𝗶𝘁 𝗮𝗳𝗳𝗲𝗰𝘁 𝘁𝗵𝗲 𝗰𝗿𝘆𝗽𝘁𝗼𝘀𝗽𝗵𝗲𝗿𝗲?
In such a situation, different cryptocurrencies can behave differently. In the best case, cryptocurrency can grow in price. Due to this, the profitability of mining can increase, thereby reducing the likelihood of the “51% attack”. However, this will also lead to a decrease in the yield of the asset’s extraction. In the worst case, there will be a decrease in the number of miners and a drop in the value of the coin.
⚖️ It is very difficult to make accurate predictions about the development of the cryptosphere, which is typical for cryptocurrencies in general.
💬 “The study shows that assets carrying out halving — both before and after it — do not work better than other market participants. In terms of the two most notable cryptocurrencies with Bitcoin (BTC) and Litecoin (LTC) halving, we see the opposite behaviour,” said Strix Leviathan experts.
📎 In PZM Cash, each member of the network receives a reward for his work. It consists of two parts: commissions from the total amount of transactions that are included in the block (here some realize the ability to set a higher commission in their transaction so that the miner has an incentive to add a transaction to the block he forms), and a fixed fee for the block (for mining). A fixed block reward may decrease over time, for example, how bitcoin halving works.
🔗 Thanks to the improved PoS algorithm, a very wide circle of users got the opportunity to participate in the network and receive rewards in PZM Cash.
𝗝𝗼𝗶𝗻 𝘁𝗵𝗲 𝗣𝗭𝗠 𝗖𝗮𝘀𝗵 𝗰𝗼𝗺𝗺𝘂𝗻𝗶𝘁𝘆 𝗮𝗻𝗱 𝗴𝗲𝘁 𝘆𝗼𝘂𝗿 𝗿𝗲𝘄𝗮𝗿𝗱𝘀!