According to Bitcoin Protocol data, Bitcoin Cash is expected to undergo halving on the evening of April 3, 2024, Taiwan time. At that time, the mining reward will be reduced from 6.25 BCH to 3.125 BCH. With the approach of halving, the price of BCH has risen by about 90% in the past 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) regulated by the U.S. Commodity Futures Trading Commission (CFTC) in April.
On the other hand, Bitcoin Cash will undergo another upgrade on May 15 this year. This upgrade is expected to implement the CHIP 2023-04 Adaptive Blocksize Limit Algorithm. According to the detailed explanation on gitlab.com, in order to reduce the social attack surface of Bitcoin Cash and save transaction costs for all network participants, developers propose to adopt an algorithm that automatically adjusts the block size limit based on the exponential weighted moving average size of the previous blocks.
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