What is a Zcash block halving event?
Block halving event happens every 4 years on Zcash blockchain. Zcash’s initial block reward was 12.5 ZEC , new block reward will be 3.125 ZEC . The block reward splits every 4 years ( 840,000 mined blocks ). This lowers the rate at which Z cash is generated. The halving is periodic and is programmed into Zcash’s code.
Why was this done?
Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Zcash’s case, the total supply will be maxed out at 21,000,000 ZEC . Printing extra money causes inflation, if there is no extra money printed, the value of the Zc ash should increase as the demand will rise (more people will start to use Zcash) and supply will lower or stay flat (no more Zcash are “printed”). This makes Zcash similar to gold, which has limited supply and cannot be “printed” or artificially created.
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