Handshake halving
Handshake, similarly to Bitcoin, is halving block reward every 170,000 blocks. Because one block is generated approximately every 10 minutes, the halving happens approximately every 1180 days or 3.23 years .
The current Handshake block reward is 2,000 HNS. After the halving, the block reward will be halved from 2,000 HNS to 1,000 HNS.
Why was this done?
Conventional FIAT currencies allow governments or banks to print money and cause inflation. In Handshake’s case, the total supply will be maxed out at 2,040,000,000 HNS . Printing extra money causes inflation, if there is no extra money printed, the value of the Handshake should increase as the demand will rise (more people will start to use Handshake) and supply will lower or stay flat (no more HNS is “printed”).
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