SpaceXpanse ROD block halving will decrease the reward from 800 to 400 RODs per block for miners
SpaceXpanse is a next-generation trustless metaverse and GameFi blockchain platform that allows users to create, store, and transact with ROD coins, fungible and non-fungible tokens (NFTs). ROD is the main cryptocurrency of SpaceXpanse, which is used to power the network and reward the miners who secure it.
SpaceXpanse uses a dual proof-of-work (PoW) algorithm, which combines neoscrypt-xaya and SHA256d, for merged mining. This means that miners can mine ROD coins along with other compatible coins, such as Bitcoin, without any extra effort or cost. Merged mining increases the security and decentralization of SpaceXpanse, as well as the profitability of mining.
However, mining ROD coins will become less rewarding over time, due to the block halving mechanism. Block halving is a process that reduces the amount of ROD coins that are generated per block by 50% every 1,054,080 blocks, which is approximately one year. The first block halving will occur around July 4th, 2023, when the block reward will drop from 800 RODs to 400 RODs per block. The block halving will continue every year for five years until the block reward reaches 25 RODs per block. After that, there will be a ~3% annual inflation on the supply at that exact moment until 59 years have passed and the supply reaches ~2.5 fold increment.
The purpose of block halving is to control the inflation rate of ROD coins and create a scarcity effect that increases their value over time. Block halving also encourages miners to be more efficient and competitive, as they have to invest more resources to maintain their mining income. Block halving is a common feature of many PoW cryptocurrencies, such as Bitcoin and Litecoin.
If you are a miner or a user of SpaceXpanse, you should be aware of the upcoming block halving and how it will affect your mining rewards and transaction fees. You should also keep an eye on the market price of ROD coins and how it reacts to changing supply and demand dynamics. Block halving is an important event for SpaceXpanse and its community, as it reflects the maturity and growth of the network.
More about the project
Website: https://rod.spacexpanse.org
Twitter: https://twitter.com/spacexpanse
Discord: https://discord.gg/uPJdncgrBe
YouTube: https://www.youtube.com/@SpaceXpanseROD
Fundamentals: https://www.coingecko.com/en/coins/spacexpanse
Wallets: https://github.com/SpaceXpanse/rod-core-wallet/releases
Buy ROD: https://graviex.net/markets/rodbtc, https://graviex.net/markets/roddoge, https://graviex.net/markets/rodusd, https://xeggex.com/market/ROD_ETH, https://xeggex.com/market/ROD_BNB, https://xeggex.com/pool/ROD_USDT
Explorers: http://explorer1.rod.spacexpanse.org:3001/, https://chainz.cryptoid.info/rod/
0 Comments
Please, behave!