- Bitcoin Halving Is Changing Crypto — This Is The Complete List Of Coins That Halve
The table below is a summary of the coins that halve and relevant parameters as of 24/05/202.
Check it out!
Coins That Halve Parameters
Coins That Halve Parameters
Find more details on each coin below…
- Bitcoin (BTC)
Bitcoin Cash (BCH)
Bitcoin Satoshi’s Vision (BSV)
Bitcoin Gold (BTG)
Bitcoin Diamond (BCD)
Ethereum Classic (ETC)
Unsurprisingly, Bitcoin made the top of my list of coins that halve.
Bitcoin miners are rewarded with new coins when they successfully add a block to the chain.
This is how new coins are introduced into the system.
New blocks are added every 10 minutes and the rewards are halved after every 210,000 blocks.
It takes approximately 4 years to mine this number of blocks.
Since its launch in 2009, Bitcoin mining rewards have halved in the following order:
Bitcoin Halving Rewards
Interestingly, each halving was accompanied by a significant increase in the price of the coin. Cool!
The maximum supply of Bitcoin is 21 million BTC so; it will take about 32 halvings to mine them all (most likely in the year 2140).
You can read our post on Bitcoin mining to learn more.
Litecoin is one of the earliest altcoins that was launched in 2011.
Its halving event looks a lot like that of Bitcoin.
New Litecoins are created when miners are rewarded for adding new blocks.
It takes roughly 2.5 minutes to add a new block to the chain.
Miners’ rewards are halved after every 840,000 blocks are mined (every 4 years).
At this pace, it will take about 33 halvings to mine the maximum supply of 84,000,000 LTC.
Following its launch, the block reward was 50 LTC.
Now, after two halvings, the Litecoin block reward is 12.5 LTC.
More details are given below:
Read our review of Litecoin to learn more.
Another coin that made my list of coins that halve is Bitcoin Cash, a hard fork of the Bitcoin blockchain.
The purpose of the fork was to increase the block size to accommodate more transactions.
It happened in August 2017.
This coin’s halving event shares similarities with that of Bitcoin.
New blocks are added every 10 minutes and the rewards are halved after every 210,000 blocks (or 4 years).
But the initial mining reward was 12.5 BCH and not 50 like the coins we’ve seen so far.
Find more details below:
Bitcoin Cash Reward
The maximum supply of this coin is 21 million BCH and its mining will likely halt by 2140 as well.
Want to learn more about BCH? Then read our review of the coin here.
You may also like The Bitcoin War: Store of Value or Medium of Exchange |BTC Vs BCH|
Bitcoin Satoshis Vision
BSV is a product of a hard fork of Bitcoin Cash in November 2018.
This project tries to adhere to Satoshi Nakamoto’s vision for Bitcoin.
So, the Bitcoin white paper serves as a core document for BSV.
Bitcoin SV aims to serve as an enterprise blockchain solution for companies.
Its halving event occurs every 4 years and the first one happened in April 10, 2020.
This reduced block rewards from 12.5 to 6.25 Bitcoin SV.
The maximum supply of this coin is also 21 million BSV.
Check this out: A Brief Bitcoin History: BTC vs. BCH vs. BSV
Next on my list of coins that halve is ZEC, another hard fork of Bitcoin.
It was launched in October 2016 to provide enhanced privacy for the users.
ZEC transactions are verified without sharing details like amount, sender, and receiver identifications.
Like Bitcoin, this coin halves every 4 years and its maximum supply is 21 million ZEC.
The first halving event of 2020 removed the Founders Reward.
Also, block rewards were reduced from 6.25 ZEC to 3.125 ZEC.
You can read our review of ZCash to learn more.
Yet another fork of the Bitcoin blockchain that made my list is DASH.
Dash is an open-source cryptocurrency that permits untraceable transactions.
The currency launched in January 2014 as “Xcoin” but was rebranded to Dash in March 2015.
Unlike the coins that we’ve seen so far, DASH halving is different.
Here, it is called DASH Rewards Reduction.
And that is because miners’ (called master nodes) rewards are not reduced by half.
Rather, it is reduced by one-fourteenth (7.14%) for every 210,240 blocks or 1.5 years.
The first reduction changed the number of new DASH issued in each block from 3.11 to 2.89 DASH.
Get more details from our DASH review.
Ravencoin also made my list of coins that halve.
It is a fork of the Bitcoin blockchain created in 2018.
RVN is designed to handle the digital transfer of assets.
The first halving event for this coin is scheduled for January 2022.
After which block rewards will reduce from 5000 to 2500 RVN per block.
RVN maximum supply is 21 billion and its block time is 60 seconds.
Bitcoin Gold is another fork of the Bitcoin chain that made my list of coins that halve.
This fork happened in October 2017. The goal was to open up mining to individuals using GPU devices.
Bitcoin Gold developers set aside 100,000 coins as an endowment in a post-mine.
This affected the halving dates of the coin. But it occurs every 4 years.
The last having was in 2020 which reduced block reward to 6.25 BTG.
It takes 10 minutes to mine a block and the next halve will most likely occur in April 2024
Learn more about this coin here.
Just like BTG, Bitcoin Diamond forked from the Bitcoin Blockchain in 2017.
BCD serves as a usable cryptocurrency and a transferable method of value.
Its block size was increased to accommodate more transactions.
Also, the maximum supply of the coin is 10x that of Bitcoin.
So, a 1 BTC holder would own 10 BCD automatically.
The next halving event for this coin is August 2024.
Currently, the block time and reward are 10 minutes and 62.5 BCD respectively.
Ethereum Classic, a hard fork of Ethereum (ETH) also made my list of coins that halve.
It was launched in July 2016 to enable smart contracts and host DApps.
Just like DASH, ETC does not exactly halve. It reduces miners’ reward by one-fifth (20%).
This happens after every 5,000,000 blocks.
So far, the block reward has changed from 4 to 3.2 ETC.
Firo (FIRO), formerly known as ZCoin, is a privacy-focused cryptocurrency.
Users of Firo can destroy coins and redeem them at a later date for brand new ones.
Firo’s block time is 5 minutes and its halving event occurs every four years.
Since its launch in 2016, the coin has experienced one halving.
The current block reward is 12.5 coins.
FLUX is the cryptocurrency that powers the Flux Ecosystem.
This ecosystem comprises Proof-of-Work miners and FluxNode Operators.
They are rewarded in Flux for validating transactions and providing computational resources.
The block reward is 75 FLUX which is shared equally between PoW miners and FluxNodes.
It takes 2 minutes to mine a block and the coin halves every 2.5 years.
Verge also made my list of coins that halve.
It is an open-source privacy-focused cryptocurrency and blockchain.
Verge provides decentralized payments that are fast and efficient.
Its halving occurs after every 500,000 blocks have been added to the chain.
The last halving event took place in January 2021 and the next one is scheduled for September 2021.
The current mining reward is 100 XVG and block time is 30 seconds.
Tomochain is a smart contract platform that uses a proof-of-stake consensus mechanism.
Here, the block time is two seconds and every 900 blocks created form an epoch.
Miners (or master nodes) receive 250 TOMO for each epoch.
But the last halving event in February 2021 reduced this reward to 125 TOMO.
From that time, there will not be any more halvings until the total supply of 100,000,000 TOMOs is reached.
Another coin that made my list is Vertcoin, a hard fork of Litecoin that split off in 2014.
VTC can only be mined with GPU which is more affordable than Litecoin’s ASIC miners.
This coin has just one halving in view and it is scheduled for December 2021.
It will reduce miners’ reward from 25 to 12.5 VTC per block.
MONA, the first cryptocurrency of Japan is another coin that halves.
It was launched in 2014 with a total supply of just over 105 million coins.
MONA is used for tipping in the gaming and streaming sector.
Also, some ATMs in Japan accept MONA as a payment method.
This coin halves every 3,153,600 blocks which is roughly 3 years.
It takes 1.5 minutes to mine a block. And the current block reward is 12.5 MONA.
The last halving event happened in September 2020 and the next will occur in September 2023.
Einsteinium is a community-driven cryptocurrency that raises capital for scientific research.
EMC2 has a 60 second block time and maintains a 50% block reduction to democratize the mining process.
Mined blocks make 2.5% donation to the Einsteinium Foundation’s fund.
The next halving for this coin will take place in January 2024.
This will reduce block reward from 2 to 1 coin.
Lastly on my list of coins that halve is Bytom.
Bytom is a blockchain-based open-source value-exchange protocol.
It enables tokenization of real-world assets like warrants, securities, dividends, etc.
For BTM, it takes 150 seconds to mine a block and the current block reward is 412.5 BTM.
This coin halves every 4 years. The next halving event is scheduled for February 2022.
Now that you have seen the coins that halve, let’s see the impact of halving in crypto.
- Date of publication:
- Wed, 06/02/2021 - 08:57
Click on the link - it will be copied to clipboard