Halving, or halving, is a key point in the economics of many cryptocurrencies based on the Proof-of-Work protocol, such as Bitcoin. This event occurs approximately every four years and represents a planned reduction in the reward that miners receive for adding a new block to the blockchain.

**How does halving work?**
Halving halves the number of new coins issued into circulation. This event is embedded in the source code of the cryptocurrency and is triggered after a certain number of mined blocks. For example, for Bitcoin, a halving occurs every 210,000 blocks.

Why is halving important?**
Halving helps control inflation in the cryptocurrency network. By reducing the rate at which new coins are created, halving introduces a deflationary aspect into the economic model, which can lead to an increase in the value of the currency due to a limited supply.

**Impact of halving on the market**
Halving can have a significant impact on the cryptocurrency market. Historically, halvings have been accompanied by an increase in interest in cryptocurrency and an increase in its value, although a direct correlation cannot always be guaranteed.

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