Halving
Halving is the process of reducing the rewards per mined block in order to maintain the total supply of a coin or token; it was first applied to Bitcoin where the reward is halved after the first 210,000 blocks are mined and then every 210,000 thereafter.
In mathematics, division by two or halving has also been called mediation or dimidiation. The treatment of this as a different operation from multiplication and division by other numbers goes back to the ancient Egyptians, whose multiplication algorithm used division by two as one of its fundamental steps. Some mathematicians as late as the sixteenth century continued to view halving as a separate operation, and it often continues to be treated separately in modern computer programming. Performing this operation is simple in decimal arithmetic, in the binary numeral system used in computer programming, and in other even-numbered bases.
