Alph uses a Proof-of-Less-Work. 840 Million Alephium Tokens will be mined, and then given as rewards or block incentives to miners who have successfully protected the network.

Alephium does not halve, since it is a process of emission. The emission schedule is designed so that block rewards are linked to curves based on hash rate and timestamp. Mining rewards are adjusted dynamically.

Block Rewards = Min(Hashrate and Timestamp Based reward)

Alephium wants to encourage mining as soon as possible to secure the network, improve it and distribute coins more fairly to more users.

The time-based component is therefore set to start high and gradually decrease over a period of four years. They also believe that hashrate-based payments will encourage miners to mine to a certain point, increasing emissions.