aelf First Halving Event: A Milestone in Sustainable Blockchain Growth

aelf’s first-ever halving marks the blockchain’s maturity, sustainable tokenomics, and commitment to advancing AI blockchain innovation for the future

Singapore, 5 December 2024 — Leading AI-enhanced Layer 1 blockchain, aelf, inaugural halving event will occur at around 7:30 AM UTC on 12 December 2024, at an estimated block height of 246,500,000 on the aelf MainChain. As aelf has been providing four years of secure and stable mainnet operations since 2020, this halving milestone highlights the network’s maturity and marks a pivotal step in aelf’s journey toward sustainable and innovative blockchain growth.

“aelf’s halving event is more than just a reduction in block rewards. It represents our continued evolution as a sustainable and innovative blockchain ecosystem. Beyond establishing a resilient economic framework, it symbolises our transformative step toward advancing AI blockchain initiatives, inspiring engagement, innovation, and growth across the aelf ecosystem and beyond,” shared Brian Liang, COO of aelf. 

Impact of aelf’s Halving Event

In line with aelf’s foundational vision and whitepaper, the blockchain network allocates 12% of the total ELF tokens to block rewards. Governed by aelf’s AEDPoS consensus mechanism, aelf’s halving occurs every four years, reducing block rewards by half to gradually decrease token issuance. 

Since 2020, aelf blockchain rewards have been set at 0.125 ELF. Post-halving, they will be reduced to 0.0625 ELF. The decrease in block rewards aims to foster long-term value creation and sustain aelf’s tokenomics model to benefit current and future stakeholders.

Due to the change in block rewards, the halving encourages block production nodes to focus more on network efficiency and innovation. For ELF token holders, the halving, a form of controlled token issuance, helps them preserve the token value as a more resilient economic framework is being built within the aelf blockchain ecosystem.

aelf’s Path Forward

A reflection of aelf’s longevity in the ever-evolving blockchain landscape, this halving also marks a new phase for aelf where innovation, collaboration, and AI integration converge to drive the blockchain forward.

Stay updated on aelf’s news and engage with the aelf community on:

Website: https://aelf.com

Telegram: https://t.me/aelfblockchain

Discord: https://discord.com/invite/aelfblockchain

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About aelf

aelf, an AI-enhanced Layer 1 blockchain network, leverages the robust C# programming language for efficiency and scalability across its sophisticated multi-layered architecture. Founded in 2017 with its global hub in Singapore, aelf is a pioneer in the industry, leading Asia in evolving blockchain with state-of-the-art AI integration to ensure an efficient, low-cost, and highly secure platform that is both developer and end-user friendly. Aligned with its progressive vision, aelf is committed to fostering innovation within its ecosystem and advancing Web3 and AI technology adoption.

For more information about aelf, please refer to our Whitepaper V2.0: https://docs.aelf.com/resources/whitepaper-2/