Does alephium have halving?

Alephium's emission mechanism shares similarities with the halving events observed in various cryptocurrencies. This process involves a reduction in the rate at which new coins are created and awarded to miners. However, Alephium distinguishes itself from these traditional halving events by adopting a unique approach to determining its emission schedule.

Consequently, Alephium miners can expect their rewards to fluctuate with each block mined. This variability adds an element of uncertainty to the mining process but also incentivizes miners to maintain high levels of participation and contribute to the overall health of the network.

Rather than adhering to a predetermined and fixed timeline for halving, Alephium's emission schedule is dynamic and responsive to two key factors: the network hash rate and the timestamp of each block. This adaptive mechanism ensures that the emission rate remains aligned with the health and activity of the Alephium network.

The network hash rate represents the total computing power devoted to mining Alephium blocks. As the hash rate increases, indicating more miners joining the network, Alephium's emission schedule adjusts accordingly to maintain a balance between the supply of new coins and the demand from miners.

The timestamp of each block, on the other hand, provides a record of when the block was mined. By incorporating the timestamp into its emission calculation, Alephium ensures that mining rewards are adjusted in real-time, reflecting the current state of the network.