Bitcoin Cash (BCH) Halving Takes Place on the Network

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Cointime2024/04/04 09:34

By:Cointime

The Bitcoin Cash (BCH) halving has been completed at block #840,000, resulting in a reduction of miners' rewards from 6.25 BCH to 3.125 BCH. Despite a sharp fall in BCH's value, it has since recovered and continues to grow. BCH is a fork of Bitcoin that operates on the Proof-of-Work (PoW) algorithm, and this was its second halving event. The price of BCH had been increasing in anticipation of the event, with its value growing by over 147% since the beginning of the year. Meanwhile, Bitcoin's halving is expected to take place in 16 days and 2,000 blocks, with analysts predicting a surge in BTC's value.

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