The Zilliqa team announced via a blog post on Monday that the Zilliqa network has implemented a halving mechanism for block rewards earned by miners. This development means that mining rewards will be halved and could significantly reduce miners’ income.

Such regulations could create more uncertainty in the already fragile cryptocurrency market. The halving mechanism could have negative effects on the sustainability of mining operations and create distrust among market participants.

Overall, such steps could create more concerns about the future of the cryptocurrency market and cause investors to be cautious.