Bitcoin Cash halving will take place today (updated)

Bitcoin Cash (BCH), the fifth-largest cryptocurrency asset by market capitalization, will reduceminers reward twice. Following him, Bitcoin SV (BSV) will survive its halving.

Halving tends to stimulate a bull run,since it essentially limits supply and leads to an increase in demand and prices. However, this year, in connection with the COVID-19 pandemic, which led to chaos in the global economy, the situation on the cryptocurrency market is far from traditional.

The exact moment of the halving can be seenon the counter. The reward for BCH miners will be reduced from 12.5 to 6.25 coins, while inflation will drop from 3.64% to 1.80%. There are currently 18.37 million BSN in circulation, accounting for 87.49% of the total supply of 21 million.

Today, the hash rate of the network is 3.27 EH / s, and the situation may worsen after halving, since miners can switch to mining more profitable currencies.

About a day later, Bitcoin SV (BSV), forkBitcoin Cash (BCH) will also hold a halving. The network may also find itself in a difficult situation, perhaps losing some miners. At the same time, a decrease in the number of miners and a decrease in hashing power will make both networks more vulnerable to a 51% Attack.

At the same time, miners of the Bitcoin network are also preparing for halving. Bitcoin hash rate has returned above 100 EH/s and has been in an upward trend since mid-March.

Update:

Halving on the BCH network took place on April 8 at block 630000. The corresponding block was mined by the AntPool mining pool.