Zcash Halving and Bitcoin Cash Hardfork. Main events of November

In the next month there will be several events on the crypto market that may affect both the value of individual assets and the market as a whole.

Stratis STRAT: Starting the main network

The Stratis blockchain working on the Proof of Stake (PoS) algorithm was created as a competitor of Ethereum and NEO. The launch of the main network is scheduled for November 12. The exchange will last until October 16, 2021, after which all unclaimed STRAX tokens will be “burned”.

Bitcoin Cash BCH: Hardfork

On November 15 another hardfork Bitcoin Cash is scheduled. Perhaps there will be a division into two separate blocks. This is due to the fact that the developers of Bitcoin Cash ABC decided to increase the commission for miners up to 8% for the produced block, which caused a split among the community members.

If there is a chain split after hardfork, the new one will be called Bitcoin Cash Node (BCHN). Many exchanges have already announced their support for the upcoming hardfork. For example, Binance has supported the miners and will be considered the main chain Bitcoin Cash Node. To get coins in the new blockcheck must keep tokens Bitcoin Cash ABC on your wallet or on any exchange that has declared support for hardfork. Recall that Bitcoin Cash is the fork of the first Bitcoin cryptographic currency, the division of the two chains occurred on August 1, 2017. Later in 2018 Bitcoin Cash was divided into 2 more chains — Bitcoin Cash ABC and Bitcoin Cash SV.

Zcash ZEC: Halving the award

In the Zcash blockchain, halving occurs every 840,000 blocks produced or approximately every 4 years. Initially, the reward for the mined block was 12.5 ZEC, and after the upcoming halving will be reduced to 3.125 ZEC. The main purpose of halving is to control the emission of crypto material and to contain its inflation. In contrast to fiat money, the total supply of crypto is limited: no more coins can be issued than the original crypto.

Golem GNT: Migration of tokens

November 19 starts the exchange of GNT tokens to new tokens standard ERC-20, which is necessary for the operation of the New Golem block. After running the main network of New Golem, the old GNT token will no longer be supported by developers. The exchange process has no end date, so users can take their time. Also developers Golem Factory said that they will provide a user interface for easy exchange and warned that they will inform the name of the new ticker only on the day of launch. This is done in order to prevent fraudsters to mislead Golem users. The name of the new ticker will appear on the day of exchange in the developers’ blog (blog.golem.network).

Modify message