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Bittensor Executes First Halving, Cutting Daily TAO Emissions by Half

Bittensor’s first halving reduced daily TAO output from 7,200 to 3,600 coins, aligning with programmed supply reduction mechanisms common in blockchain ecosystems.

TAO

Summary

Bittensor announced the completion of its first halving, lowering daily TAO emissions from 7,200 to 3,600 coins and reducing block rewards to 0.5 TAO per block. This programmed event is designed to slow the rate of new TAO issuance, influencing the network's monetary supply. The halving marks a notable milestone for the Bittensor blockchain in its long-term economic model.

Terms & Concepts
  • Halving: A scheduled event on certain blockchains that reduces the block reward by half, often impacting supply dynamics.
  • TAO: The native cryptocurrency of the Bittensor blockchain, used for network operations and incentives.
  • Block Reward: A fixed amount of cryptocurrency awarded to miners or validators for adding a new block to the blockchain.