Beyond Bitcoin, What Other Major Cryptocurrencies Utilize a Similar Periodic Reward Reduction Mechanism?
Litecoin (LTC) is a prominent cryptocurrency that also uses a Halving mechanism, reducing its block reward by 50 percent approximately every four years. Bitcoin Cash (BCH) and Bitcoin SV (BSV), being forks of Bitcoin, also incorporate the Halving mechanism into their protocols.
This mechanism is common among cryptocurrencies that use the Proof-of-Work consensus and have a fixed supply cap to control inflation.
Glossar
Reward Reduction
Halving ⎊ In the cryptocurrency context, the most prominent example is the programmed reward reduction event, which systematically cuts the block subsidy for miners, directly impacting the supply inflation schedule.
Proof-Of-Work Consensus
Validation ⎊ Proof-Of-Work Consensus is the agreement protocol achieved through competitive computational work, where the chain with the most accumulated difficulty is accepted as the single, canonical history by all network participants.
Fixed Supply Cap
Definition ⎊ Fixed Supply Cap denotes a protocol-enforced, immutable upper limit on the total number of currency units that can ever exist within a cryptocurrency system.
Major Cryptocurrencies
Capital ⎊ Major cryptocurrencies are defined by their substantial market capitalization, representing the largest pools of digital capital and serving as the primary benchmark assets for the entire crypto ecosystem.