The Bitcoin Cash (BCH) blockchain is now less than two years away from its next block reward halving. Current statistics show the BCH chain will halve its reward from 12.5 BCH to 6.25 BCH on or around April 6, 2020, and with more than 80 percent of BCH now in circulation, when the next halving takes place the decentralized asset will be much harder to obtain.
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Bitcoin Cash Has Less Than Two Years Left Until the 2020 Reward Halving
Bitcoin Cash has great worth to a lot of digital asset proponents and the cryptocurrency has gained in value tremendously over the past nine months. One benefit that BCH advocates appreciate is the fact that the currency has digital scarcity. There will never be more than 21 million BCH in existence and right now there is a circulating supply of 17.1 million. More than 80 percent of BCH has been mined into existence since the end of April and the BCH hashrate has been around 3.5 to 4.5 exahash per second. At this speed alone, with just 13 mining pools, the next halving date will be on or around April 6, 2020. After this date, BCH miners will lose half the current block reward (12.5 BCH) and receive 6.25 BCH and fees per block mined.
The Bitcoin Cash (BCH) protocol is set to halve its block reward on or around the year 2020 depending on hashrate speed.
Many cryptocurrency enthusiasts appreciate the fact that BCH will grow gradually harder to obtain over time due to Satoshi Nakamoto’s built-in supply limit, which introduced a different kind of ‘digital scarcity’ — one that’s backed by the Bitcoin Cash hashrate.
