Halving in cryptocurrency refers to an event in which the rewards for mining new blocks on a blockchain are reduced by half.
In the crypto ecosystem, this is an important event since it helps control inflation and maintain the value of cryptocurrencies.
The Kalima Blockchain has a halving mechanism too that is designed to control the issuance of its native token, KLX. The Kalima halving process is scheduled to occur every 16 billion KLX that are emitted.
This process of halving is important to maintain the value of the KLX tokens. By reducing the rate at which new KLX is produced, the Kalima Blockchain can:
Maintain a predictable inflation rate
Control the issuance of new KLX
Provide incentives for miners to continue securing the network
Additionally, Kalima Blockchain’s halving mechanism is beneficial to the ecosystem’s long-term health.
