Bitcoin Cash (BCH) Poised to Undergo First Halving; Miners Hold Tight | BTCMANAGER
Bitcoin, Blockchain & Cryptocurrency News
The fifth-largest cryptocurrency by market cap, Bitcoin Cash (BCH) is set to undergo halving today, April 8, 2020, which means that the number of BCH coins created approximately every 10 minutes will fall from the current 12.5 to 6.25. Notably, this will be a milestone in BCH’s relatively short history, as typically – at least in case of Bitcoin (BTC) – halvings are preceded or succeeded by a dramatic price movement of the underlying cryptocurrency.
BCH Set to Undergo Halving
In a major milestone for the community, Bitcoin Cash is all prepared to undergo coin halving at block 630,000, expected to occur April 8 morning ET. At the time of writing, according to cryptocurrency data site CoinGecko, there are roughly 10 hours left for the BCH halving.
Essentially, the halving will make BCH coins per block more scarce so as to ensure that Bitcoin Cash’s total supply reaches 21 million eventually.
Further, the implications of the halving would differ depending on the capacity in which one might be associated with Bitcoin Cash.
For instance, for BCH traders, they can expect price-volatility during this period. On the other hand, BCH miners can expect to earn lower mining rewards after the halving. Experts, however,