Halving
A programmed reduction in block rewards (typically by 50%) that occurs at set intervals, reducing new token issuance.
In-Depth Explanation
Bitcoin halves block rewards every ~4 years, reducing inflation and eventual supply. Halvings create supply shocks if demand remains constant. Other protocols have adopted similar emission schedules. Halvings are predictable and often priced in, but historically correlate with bull markets.
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Related Terms
Emissions
New tokens distributed by a protocol as incentives, typically to liquidity providers or users.
Inflation (Token)
The rate at which new tokens are created and enter circulation, diluting existing holders.
Bitcoin
BTCThe first and largest cryptocurrency, created by Satoshi Nakamoto in 2009 as a peer-to-peer electronic cash system.
More in Tokenomics
View all →Emissions
New tokens distributed by a protocol as incentives, typically to liquidity providers or users.
Liquidity Mining
Earning token rewards by providing liquidity to a DeFi protocol.
Token Buyback
When a protocol uses revenue to purchase its own token from the open market, reducing circulating supply.
Dividend
Direct distribution of protocol revenue to tokenholders, typically in ETH, stablecoins, or the protocol's native token.