Zilliqa proposes halving mining rewards to accelerate transition to PoS

Layer-1 blockchain project Zilliqa announced via its X a proposal to halve mining rewards to encourage the shift from Proof-of-Work (PoW) to Proof-of-Stake (PoS). This move aims to speed up PoS adoption, reduce reliance on PoW and support ecosystem growth by reallocating resources for innovation and community engagement, potentially stabilizing the ZIL token price.