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Halving

Halving is a scheduled event in certain blockchain networks where the block reward for miners is reduced by half. It is most commonly associated with Bitcoin and is designed to control the rate of new coin issuance. Halvings occur at predetermined block intervals and gradually reduce the total supply growth over time. By decreasing the reward, halving increases scarcity of newly created coins. This mechanism helps enforce predictable monetary policy within the protocol. Halving influences miner incentives, supply dynamics, and long-term issuance.