PANews reported on December 6 that the AI-enhanced Layer 1 public chain aelf announced that it will conduct its first halving at 15:30 Beijing time on December 12, which is expected to occur at the main chain block height of 246,500,000. Since the mainnet was launched in 2020, aelf has been running stably for four years.
aelf COO Brian Liang said that this halving is not just a reduction in block rewards, but also represents the continued evolution of aelf as a sustainable and innovative blockchain ecosystem. According to the aelf white paper, the network allocates 12% of ELF tokens for block rewards, which are halved every four years. After the halving, the block reward will drop from 0.125 ELF to 0.0625 ELF.
