Reward halvings are a common element of many different forms of cryptocurrency, known to typically impact a coin’s supply, difficulty and price. For many cryptocurrencies, these halving mechanisms are embedded into the code in order to lower the generation rates and inflation, which can help extend the life of the coin even amid increased demand.
This is what happened with the Bitcoin network back in May when its block reward halved for the third time and was reduced to 6.25 Bitcoin (BTC). Now, it is Zcash’s turn, as the digital asset’s network is set to undergo its first halving sometime in November — as soon as its 1,046,400th block is mined.