BCH completed its first halving event yesterday at approximately 20:19 UTC, reducing miner block rewards from 12.5 BCH to 6.25 BCH. Contrary to some expectations, the price remained relatively stable post-halving. However, several misconceptions emerged within the community, which we'll address below:
Addressing Common BCH Halving Misconceptions
1. Extended Block Time Explained
The temporary two-hour+ block intervals occurred due to:
- Reduced mining profitability prompting some miners to reallocate hashpower to other coins
- Short-term hashpower fluctuations causing unstable block production
BCH's dynamic difficulty adjustment mechanism will quickly stabilize the network. Comparatively, Bitcoin often experiences prolonged block intervals post-halving.
2. Hashpower Comparison: BCH vs. BSV
- Current Situation: BSV shows higher hashpower despite BCH's price premium
Key Reasons:
- BCH completed halving first (natural hashpower outflow)
- BSV's halving occurs tomorrow (currently stable hashpower)
- Projection: Post-halving, BSV's hashpower will drop below BCH's, reverting to pre-halving ratios
3. Network Security Post-Halving
BCH remains secure through:
- Dynamic difficulty adjustment (per-block recalculation)
Rolling checkpoint system (Bitcoin ABC 0.18.5+)
- Blocks lock after 10 confirmations
- Prevents chain reorganization regardless of attacking hashpower
- Proven resilience against large-scale attacks
👉 Discover how BCH's technology ensures network security
Market-Driven Hashpower Recovery
Several factors will naturally restore BCH's hashpower:
- Price appreciation attracting miners
- Bitcoin's May 14 halving reducing BTC mining profitability
- Market forces optimizing hashpower allocation
BCH Development Roadmap: Building for the Future
Despite misconceptions, BCH continues advancing with Bitcoin ABC's newly released 2020-2021 roadmap:
Core Principles
- Infrastructure: Sustainable base layer with excellent short-term applications
- Protocol Stability: Focused on reliable foundations over constant tweaks
- Stakeholder Focus: Serving miners, users, and merchants
- Technical Excellence: Continuous code improvements and technical debt reduction
Key Development Areas
A. Continuous Improvements
| Improvement | Benefit |
|---|---|
| Smaller units (sub-satoshis) | Enables microtransactions |
| Adaptive block size (32MB→1TB) | Scalability on demand |
| Redundant code capabilities | Enhanced security |
| DevOps optimization | Faster, more reliable development |
| Code quality enhancements | Easier maintenance |
B. Independence from Bitcoin Core
Mempool redesign including:
- Removing 50-unconfirmed-chain limit
- Reintroducing "free" transactions
- Improved fee structures
- Code ownership for technical sovereignty
- Block propagation upgrades via Graphene/CTOR
- Development team expansion (1-2 senior developers)
👉 Learn about BCH's cutting-edge development initiatives
FAQ: BCH Halving Questions Answered
Q: Will BCH become less secure after the halving?
A: No. The rolling checkpoint system and dynamic difficulty adjustments maintain robust security regardless of hashpower fluctuations.
Q: How long will the block time irregularities last?
A: Typically 1-2 days until difficulty adjustments complete. The network self-corrects faster than Bitcoin's 2016-block adjustment period.
Q: Why hasn't BCH's price surged post-halving?
A: Halving effects often manifest over weeks/months as market dynamics adjust. Immediate spikes are historically uncommon.
Q: What's the most significant upcoming BCH upgrade?
A: Adaptive block sizing and sub-satoshi units will dramatically improve microtransaction capabilities while maintaining low fees.
Q: How can developers contribute to BCH?
A: Bitcoin ABC welcomes qualified developers, especially those with expertise in cryptographic protocols and distributed systems.
Q: Where does BCH stand compared to other SHA-256 coins?
A: BCH maintains superior market capitalization, developer activity, and merchant adoption versus BSV and other variants.