The act or process of dividing something into two equal parts or reducing it to half; in cryptocurrency, the automatic reduction of mining rewards at set intervals.
Present participle and gerund form of the verb 'halve,' following standard English -ing formation. The cryptocurrency meaning emerged in the 2010s with Bitcoin technology.
Bitcoin's 'halving' events are mathematically programmed moments when mining rewards drop by 50%, creating worldwide excitement and speculation because they're baked into the blockchain's code like a ticking clock.
Complete word intelligence in one call. Free tier — 50 lookups/day.