There’s been a lot of noise about Bitcoin’s halving, set to occur in May, and the effect this will have on price as BTC’s mining reward is slashed. It’s not the only PoW coin gearing up for a major reduction in its emission rate next year, with Bitcoin Cash, Beam, and Zcash all set to undergo similar events in 2020.
Also read: As Halving Interest Grows, Spectators Discuss Miner Hoards and Capitulation
Halvenings Are Happening
Cryptocurrency miners will see their rewards halved next year, as the issuance rate for several leading Proof of Work networks is slashed. BTC’s is likely to occur in mid-May, and BCH’s will occur about a month prior. When both chains undergo their scheduled four-yearly halving, the mining reward will drop from 12.5 to 6.25 bitcoins per block. As a result, 1,500 less coins from each network will be released every day.
As the leading Proof of Work cryptocurrencies, BTC and BCH have been the focus of the halvening talk that’s permeated the cryptosphere for months. With the reduction of mining rewards historically associated with an increase in price, as sell pressure from miners diminishes, it’s understandable why the topic should be of such keen interest to crypto investors. BTC’s halving alone will see $12 million less coins released into the wild each day, based on current prices. Before that event occurs, however, one newer PoW coin will undergo a halving of its own.
Beam’s Output Is Set to Diminish
The Beam team has been busy of late, integrating atomic swaps into the Beam Wallet via a decentralized marketplace, marking the first time a privacy coin has
