Dash yearly halvening occurred on Apr 27 4:31:33 pm UTC at Block 1261441, reducing block rewards by 7.14% (1/14th). The Dash halvening happens yearly (~383.25 days) and this was the sixth halvening for the crypto-asset. The crypto-asset operates under a fixed set of mathematical rules and a smooth predictable emission curve. Since the halvening happens yearly, it facilitates planning for all the network participants. The halvening raises the scarcity of the DASH tokens, by reducing the emission rate and is likely to have a positive impact on the DASH price.
By design, Dash will continue to emit coins for approximately 192 years, before one year mining creates less than 1 DASH token. After 2209, only 14 more DASH will be released. The last DASH token will be mined in the year 2477.
A halvening is a significant event for a crypto-asset, which sees its block rewards, divided by 2 and become half of what they were before. This causes a reduction in supply, by limiting the number of tokens being brought into circulation. Thus by the economic principles of supply and demand, results in the value of existing shares or units to rise. The event has significant impact for all network participants, users and miners/validators alike.
About Dash Cryptocurrency
Dash is a mineable cryptocurrency, which aims to be the digital cash. It is based on Bitcoin, but different than and improved upon the original version. It includes major features such as two-tier incentivized network otherwise known as Masternodes functionality, InstantSend and PrivateSend.