Cryptocurrency Q&A What is ethereum classic halving?

What is ethereum classic halving?

VoyagerSoul VoyagerSoul Wed Dec 25 2024 | 7 answers 1470
I'm curious about Ethereum Classic halving. I want to understand what it is, how it works, and its significance in the cryptocurrency world. Could someone please explain this concept to me in simple terms? What is ethereum classic halving?

7 answers

Ilaria Ilaria Fri Dec 27 2024
Ethereum Classic's halving event is approaching soon.

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ZenBalanced ZenBalanced Fri Dec 27 2024
This cryptocurrency undergoes a block reduction every 5,000,000 blocks.

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SarahWilliams SarahWilliams Fri Dec 27 2024
The mechanism is designed to control the supply of Ethereum Classic.

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Andrea Andrea Fri Dec 27 2024
Initially, the block reward was set at 4 ETC.

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SsamziegangSerenadeMelodyHarmony SsamziegangSerenadeMelodyHarmony Thu Dec 26 2024
Over time, the reward decreases by approximately 20% every two years.

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