Block 2.124.000 has officially passed and the block rewards have been halved!
What does this mean?
It means that whenever miners mine a block they will receive less Verge as a reward for mining it.
But doesn't that mean less people will mine Verge?
Yes and no. Initially some miners will stop mining Verge, but that decreases difficulty, wich in return brings back other miners that find it profitable to mine Verge. Longer term the price of Verge will increase because less XVG are minted.