Zilliqa moves toward PoS adoption with mining reward halving

Zilliqa, a layer-1 blockchain, announced on its official X account that the proposal to halve its mining rewards has passed with strong community support. Starting in October, mining rewards will be reduced by 50% each month, marking a pivotal step toward the network's transition to Proof-of-Stake (PoS) with Zilliqa 2.0. The surplus ZIL from the reduction will be reallocated for use by gZIL holders, promoting community-driven investments and creating new opportunities for developers and validators.