Zilliqa Implements Halving Mechanism for Block Rewards

The Zilliqa network has officially introduced a halving mechanism for block rewards, as announced by the Zilliqa team on Monday through their blog. This development marks a significant shift in the network's economic model, aiming to control inflation and potentially increase the value of its native token, ZIL.

However, the broader market sentiment remains cautious. With increasing regulatory scrutiny and market volatility, the long-term impact of such mechanisms on miner incentives and network security is uncertain. Stakeholders should closely monitor these developments as the industry navigates through turbulent times.