In the next 24 hours, Bitcoin Cash (BCH) will finish its block reward halving process. Notably, Bitcoin Satoshi’s Vision (SV) will follow suit.
Bitcoin Cash, one of Bitcoin’s contentious forks, will halve in roughly 12 hours, bringing down its block reward to 6.25 from current 12.5 BCH.
As an outcome of community issues,, Bitcoin’s chain was forked in 2017, resulting in two assets, BTC and BCH.
Subsequently, BCH was created with similar maximum supply and mining reward as Bitcoin. After halving process takes place, the BCH network will provide miners a block reward of 6.25 BCH, rather than 12.50.
Bitcoin Cash’s halving has come roughly a month before Bitcoin will go through halving process.
In approximately two days, BSV, which was also created via Bitcoin fork, will undergo its halving process. BSV’s block reward will be slashed by 50% to 6.25 BSV per block, in approximately two days and five hours.
When Roger Ver and Craig Wright parted ways, BCH was forked resulting in the creation of BCH and BSV.
In the past one week, BCH has rallied from $213 to $273 (as of writing this), while BSV has rallied from $160 to $216 in the same period.
In the meantime, BTC rose from $6,180 to $7,310. Notably, 6 million BCH is held in the same address since Bitcoin was forked in 2017.
