Bitcoin Cash Halving in T-Minus 16 Hours, BSV to Follow

Spread the love

Bitcoin forks BCH and BSV will both complete their block halvings this week, roughly two days apart.

Bitcoin Cash (BCH) will complete its block reward halving over the next 24 hours, with Bitcoin Satoshi’s Vision (SV) following shortly after. 

One of Bitcoin’s most controversial forks, Bitcoin Cash, will halve in approximately 16 hours as of press time, cutting its block reward from 12.5 BCH down to 6.25.  

Bitcoin forks follow the original coin’s lead

The result of community disputes, Bitcoin’s chain split in 2017, forming two assets — BTC and BCH. Consequently, BCH comes with the same maximum coin supply and mining reward payout as its parent, BTC.

After the halving, the BCH network will pay miners a block reward of 6.25 BCH instead of 12.5. Bitcoin Cash’s halving comes approximately one month prior to Bitcoin’s deflationary event.

Bitcoin Satoshi’s Vision also halves

In a little over two days’ time, another Bitcoin fork will also complete its halving event. BSV’s block reward will cut in half, down to 6.25 BSV per block, in roughly two days and nine hours. 

Over one year later, BCH forked amid further disputes, resulting in BCH and BSV, with Roger Ver and Craig Wright parting ways. 

BCH rose from $213 on April 1, to a press time price of $257, while BSV went from $160 to $188 in the same time frame. Meanwhile, BTC surged from $6,180 to $7,290. 

A separate report from earlier today showed approximately 6 million BCH have not moved since the asset’s original 2017 fork from BTC.

Cointelegraph reached out to Bitcoin.com for an additional comment from Roger Ver but was unable to contact Ver by press time.

Powered by WPeMatico