When will BTC hard fork (BTC halving in a few years)
When will BTC hard fork Binance Smart Chain is the largest decentralized exchan
When will BTC hard fork Binance Smart Chain is the largest decentralized exchange platform on Binance Smart Chain, providing various blockchain protocols and applications for developers. In the past month, it has completed a round of financing worth tens of millions led by Bitcoin.com and Coinlist Ventures.
According to data from Binance Research Institute, since January 2019, more than 20,000 users have created or owned an account on this network to participate in the project, and the total number of these users’ accounts has exceeded 10 billion.
According to previous reports, in March of this year, Binance founder Zhao Changpeng announced plans to collaborate with the Bitcoin Cash team to launch a new codename called “Bitcoin Cash” to promote the development of its ecosystem. “Bitcoin Cash” will be a digital currency and a store of value similar to gold.
However, this hard fork is not to solve this problem. It is aimed at two key points: the first is the modification of the Bitcoin core code: “changing the proof-of-work model of Bitcoin.” The second is a Bitcoin Cash improvement proposal that the Bitcoin Foundation is studying. The proposals from Bitcoin core contributors include support for the Bitcoin Lightning Network. The third change aims to add more features. The fourth upgrade involves some new functions: optimizing the Bitcoin block size through the consensus layer and improving miner efficiency; introducing a new payment processor for miners to receive larger rewards; and allowing the use of existing cryptocurrencies as payment methods to support BTC price increase. (bitcoinmagazine)
BTC halving in a few years
According to btc.com data, since the halving on June 14, 2019 (end of July 2020), the price of Bitcoin has exceeded $10,000. According to the block explorer display: the current block height of the Bitcoin network is 9,888,384, and the second halving occurred on May 12, 2018, at 10:50 AM. The first halving took place around 3:15 AM at the end of 2017. The third halving began in late August 2016, with each block reward adjusted from 12.5 BTC to 6.25 BTC, and subsequently reduced to 1.25, 1.6, and 1.5% over the next few years.
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