According to Bitcoin Protocol data, Bitcoin Cash is expected to undergo a halving on the evening of April 3, 2024, Taipei time. At that time, mining rewards will decrease from 6.25 BCH to 3.125 BCH. As the halving approaches, the price of BCH has surged by about 90% in the last two weeks, reaching a peak of over $700. As of the time of this article’s release, the BCH trading price is $680.
On March 21, shortly after the recent surge in BCH, Coinbase Derivatives, a derivative trading platform under Coinbase, announced that it will launch the first batch of leveraged futures contracts for BCH, Dogecoin (DOGE), and Litecoin (LTC), which will be regulated by the U.S. Commodity Futures Trading Commission (CFTC) starting in April.
On the other hand, Bitcoin Cash will undergo another upgrade on May 15th this year. This upgrade is expected to implement the CHIP 2023-04 Adaptive Blocksize Limit Algorithm. According to the detailed explanation on gitlab.com, developers propose using an algorithm that automatically adjusts the block size limit after each block based on the exponential weighted moving average size of previous blocks. This is aimed at reducing the social attack surface of Bitcoin Cash and saving transaction costs for all network participants.
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