RATE Group | Zcash’s First Halving May Solve Its Inflation Problem
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Zcash’s First Halving May Solve Its Inflation Problem

25 May Zcash’s First Halving May Solve Its Inflation Problem

Posted at 21:17h in Cryptocurrency News by

Mining reward halvings are a hot topic in the crypto markets, as they alter a cryptocurrency’s supply and often have a significant impact on prices. 

Bitcoin, the biggest cryptocurrency by market value, underwent its third halving on May 11, which reduced the reward per block mined to 6.25 bitcoin from 12.5. Bitcoin offshoots bitcoin cash and bitcoin SV also witnessed halvings in April. 

Next in line is zcash (ZEC), a privacy-focused cryptocurrency first created in 2016 that uses a proof-of-work (or mining) algorithm and encrypts user information within shielded transactions. Currently, it is the 26th largest cryptocurrency by market value, as per data source CoinMarketCap.

Rewards per block mined on the zcash blockchain – launched and supported by the Electric Coin Company – are scheduled to be cut by 50% from the current 12.5 ZEC to 6.25 ZEC at block 1,046,400 this year.  Zcash’s first ever halving, the block subsidy reduction is expected to happen sometime in…

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