Literal translation: divide in half.
In other words, cryptocurrency halving is a sequential decrease in the reward for creating a new network block.
Example
Let’s get creative using Bitcoin as an example:
it is known that btc works on the PoW algorithm;
The integrity of the network is ensured by miners through their ASICs;
with each new block mined they receive a reward in the form of a cue ball;
and so that BTC mining is not simple, and the asset’s economy is deflationary, halving comes into play;
it halves the reward of miners every 4 years (approximately every 210,000 blocks);
As a result, the last cue ball will be mined in 2140.
As a result, halving is a flawless process of reducing the rate of generation of new units of cryptocurrency.
