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
Block Explorer
Application or websites which display information such as status of transactions or data contained in a block of a given public blockchain network.
Faucet
A faucet usually represents a site or app where a user can navigate to for small rewards repeated over time.
State Channel
Secondary payment channel occuring off-chain
Sharding
A form of database partitioning which breaks up data into smaller segments.
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