The Bitcoin Cash halving is only 57 days away! #BitcoinCash #BCH
What is a Bitcoin Cash block halving?
Every 210,000 blocks or approximately every four years, the Bitcoin Cash network undergoes a process called halving. This means that the amount of Bitcoin Cash that miners receive for validating transactions is reduced by 50%. The current block reward is 6.25 BCH, but after the next halving, it will be 3.125 BCH. This reduces the inflation rate of Bitcoin Cash and ensures that its total supply will never exceed 21 million coins. The halving is a regular and predictable event that is embedded in the Bitcoin Cash protocol.
Why does the Bitcoin Cash halving happen?
Unlike FIAT currencies that can be inflated by governments or banks, Bitcoin Cash has a fixed supply of 21 million BCH. As the demand for Bitcoin Cash grows and the supply remains constant, its value will rise. The purpose of the halving is to control the supply of new Bitcoin Cash entering the market and to increase its scarcity and value.
