Bitcoin Cash has undergone halving: what does this mean for the network
Date: 2024-04-05 Author: Gabriel Deangelo Categories: BLOCKCHAIN
A significant event took place in the Bitcoin Cash network - halving, which took place on April 4, 2024. This event led to a reduction in the miners' reward for each mined block to 3.125 BCH. During the halving, the network processed 23 blocks.
Immediately after the halving, Bitcoin Cash experienced a slight drop in price, but soon after, a recovery trend was observed. This event occurred at block height 840,000, which was mined by the ViaBTC pool.
Prospects after halving
This is the second halving on the Bitcoin Cash network, the previous one took place in April 2020. The market reaction was similar - a slight decrease in price, followed by a recovery. It is important to note that immediately before the halving, the network hashrate increased significantly, but after the event it dropped.
The next halving on the Bitcoin network is expected on April 19, 2024. Many experts express the opinion that there is a high probability of further growth of the asset after this event.
