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!
Website: PZM Cash is a cryptocurrency created as a means of payment for a fast-growing digital ecosystem in which the economic motives of each individual participant provide an increase in the overall wealth and wellbeing of the entire community.
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