The influence of halving on the development of the cryptosphere

ZYX NETWORK
2 min readMay 9, 2020

๐Ÿค— Hello, dear community. In this post, we will tell you about the influence of halving on the development of the cryptosphere.

๐—ช๐—ต๐—ฎ๐˜ ๐—ถ๐˜€ ๐—ต๐—ฎ๐—น๐˜ƒ๐—ถ๐—ป๐—ด?
Itโ€™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.

๐—›๐—ผ๐˜„ ๐—ฑ๐—ผ๐—ฒ๐˜€ ๐—ถ๐˜ ๐—ฎ๐—ณ๐—ณ๐—ฒ๐—ฐ๐˜ ๐˜๐—ต๐—ฒ ๐—ฐ๐—ฟ๐˜†๐—ฝ๐˜๐—ผ๐˜€๐—ฝ๐—ต๐—ฒ๐—ฟ๐—ฒ?
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 โ€œ51% attackโ€. However, this will also lead to a decrease in the yield of the assetโ€™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.

โš–๏ธ It is very difficult to make accurate predictions about the development of the cryptosphere, which is typical for cryptocurrencies in general.

๐Ÿ’ฌ โ€œThe study shows that assets carrying out halving โ€” both before and after it โ€” 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,โ€ said Strix Leviathan experts.

๐Ÿ“Ž 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.

๐Ÿ”— 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.

๐—๐—ผ๐—ถ๐—ป ๐˜๐—ต๐—ฒ ๐—ฃ๐—ญ๐—  ๐—–๐—ฎ๐˜€๐—ต ๐—ฐ๐—ผ๐—บ๐—บ๐˜‚๐—ป๐—ถ๐˜๐˜† ๐—ฎ๐—ป๐—ฑ ๐—ด๐—ฒ๐˜ ๐˜†๐—ผ๐˜‚๐—ฟ ๐—ฟ๐—ฒ๐˜„๐—ฎ๐—ฟ๐—ฑ๐˜€!

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ZYX NETWORK

ZYX NETWORK is a decentralized PoS cryptocurrency with the payment function in a fast-growing ecosystem, provided by the economic motive with own blockchain