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The Bitcoin Cash network successfully completed its halving event in 2024, reducing the block reward from 6.25 BCH to 3.125 BCH. This significant milestone occurred at block height 840,000, following the predetermined protocol schedule that halves miner rewards approximately every four years.
The Bitcoin Cash halving mechanism is designed to control inflation and ensure the cryptocurrency\“s scarcity over time. With the new block reward of 3.125 BCH, miners now receive half the previous compensation for validating transactions and securing the network. This reduction in newly minted BCH entering circulation typically has implications for mining profitability and potentially affects the asset\“s supply dynamics.
The 2024 Bitcoin Cash halving represents a crucial moment in the cryptocurrency\“s economic model, reinforcing its deflationary characteristics while maintaining network security through adjusted incentive structures for participants in the Bitcoin Cash ecosystem. |
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