In 18 days, the Bitcoin Cash (BCH) network will see its next halving as the block reward will decrease from 12.5 to 6.25 coins on or around April 8, 2020. BCH will be the first blockchain out of the top three SHA256 networks to halve as BSV will see a reward reduction two days after and BTC will halve 34 days later.
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The Halving Draws Nigh
Every 210,000 blocks the Bitcoin Cash network experiences a block reward halving and the upcoming BCH halving will reduce the miner reward from 12.5 to 6.25 coins. In fact, all three of the top SHA256 blockchains (BTC, BCH, and BSV) will experience a reward halving during the next 50 days. Just before the BCH halving, cryptocurrency markets were hit hard by the economic turmoil surrounding the covid-19 virus that struck fear into global markets. For example, on February 15, BCH was trading for $498 per coin but has since lost 52% in value and is now swapping for $231.