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What is halving?

Daisy GlobalDate：03-22-2023 Views：
What is halving?
 
 Halving in mining is the process of reducing rewards by half for successful block mining on a blockchain network. 
 
It controls new coin creation and maintains stability. Bitcoin implements this process to achieve its fixed maximum supply of 21 million coins. 
 
The halving process can result in a drop in profitability for some miners, but it increases competition and network security. 
 
It is crucial in maintaining the stability and security of a blockchain network, ensuring controlled coin creation and increasing cryptocurrency scarcity.

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