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
Algorithm
Algorithm is a set of rules to follow to solve a problem or conduct a task.
Cloud Mining
Mining on blockchains through rented processing power rented from companies that host the physical equipment.
ERC-20
ERC-20 is one of the most widely used token standards in Ethereum to create fungible, exchangeable tokens.
Unspent Transaction Output
(abbv. "UTXO") Coins that are unspent in the wallet. UTXO virtually represents the cryptocurrency one own in the wallet.
Hungry for more knowledge?
Back to Glossary or Subscribe to our newsletter.