Halving
By CoinGecko | Updated on Mar 03, 2020
Event that serves to reduce in half the reward of the Proof-of-Work miners that operate in the blockchain network. Each cryptocurrency sets every few blocks this automatic adjustment is made. In Bitcoin it is every 210,000 mined blocks.
Related Terms
Soft Fork
A backward-compatible update to a decentralized blockchain protocol.
Solidity
Object oriented programming languaged used in various smart contract blockchains.
Burned Tokens
Tokens which have been sent to addresses whose private key are not known, effectively becoming unusable.
Peer to Peer
A communication protocol that does not require a central hub
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