The First Bitcoin Cash Halving On May 2020
What is the Bitcoin Cash Halving?
Bitcoin Cash Halving is the event where the number of generated Bitcoin Cash rewards per block will be halved. The total number of Bitcoin Cash mined by miners per block will reduce from 12.5 to 6.25 BTC in the next bitcoin halving.
The number of Bitcoin Cash found per block will become more scarce and this halving reward ensures that Bitcoin Cash total supply will reach 21 million.
What is Bitcoin Cash?
Bitcoin Cash brings sound money to the world, fulfilling the original promise of Bitcoin as 'Peer-to-Peer Electronic Cash'. Merchants and users are empowered with low fees and reliable confirmations.
Is this the same as the Bitcoin Halving?
No, Bitcoin and Bitcoin Cash are two separate cryptocurrencies with different blockchain network.
Key highlights for this halving
- With each Bitcoin Cash halving, the rewards received by BCH miners are cut in half;
- The 2020 Bitcoin Cash halving will be the cryptocurrency's first halving since it forked from Bitcoin in 2017.
- While halvings are generally seen as positive events, they can negatively impact hashrate.
Please click bch.tokenview.com to read more information about Bitcoin Cash.