Unlike other promising cryptocurrencies, bitcoin halving is the event whereby the available number of generated bitcoin cash rewards per block is divided by 2. It is set to occur 1232 days from today. We might think it’s too early to talk about it but it always an anticipated event.
Assuming the total number of bitcoin cash mined by miner per block is 7.7, halving means that the block will be divided by 2 which makes it 3.85 BTC.
Furthermore, the number of bitcoin cash will be scarcer, reducing inflation and causing the value to probably increase.
The halving is periodical and is programmed into the Bitcoin’s cash node.
The future of BCH
Earlier this year, halving occurred in the bitcoin blockchain, and since then we have experience a great surge in the value of bitcoin. Halving is significant because it marks another drop in bitcoin’s dwindling finite supply. The new rate at which new coins are created is reduced as a result of halving.
So halving halves the reward, half the inflation, lower available supply, increases demand thereby forcing the price higher. The same can be replicated in the value of Bitcoin cash.
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