{"id":153520,"date":"2021-01-13T16:56:01","date_gmt":"2021-01-13T13:56:01","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/"},"modified":"2021-01-13T16:56:01","modified_gmt":"2021-01-13T13:56:01","slug":"four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/","title":{"rendered":"# Four cryptocurrency block reward halvings to look out for in 2021"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3b730d1c2ba\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3b730d1c2ba\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/#Verge_XGV\" >Verge (XGV)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/#Tomochain_TOMO\" >Tomochain (TOMO)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/buradabiliyorum.com\/en\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/#Vertcoin_VTC\" >Vertcoin (VTC)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/buradabiliyorum.com\/en\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\/#Ravencoin_RVN\" >Ravencoin (RVN)<\/a><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong># Four cryptocurrency block reward halvings to look out for in 2021  <\/strong>&#8221;<br \/>\n<img decoding=\"async\" src=\"https:\/\/images.cointelegraph.com\/images\/840_aHR0cHM6Ly9zMy5jb2ludGVsZWdyYXBoLmNvbS91cGxvYWRzLzIwMjEtMDEvYjE0MmQxYTUtYjI1Zi00ZTQzLTk1NGQtZjQ0YWEyY2IxMTE4LmpwZw==.jpg\" \/><\/p>\n<div class=\"post-content\" data-v-5a136f3a>Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as \u201chalvenings,\u201d have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings. <\/p>\n<p>Past attempts to predict when Bitcoin\u2019s (BTC) price would increase in relation to halvings have proved inconsistent at best. However, few would be willing to quickly discount the mechanisms described in the law of supply and demand. All things being equal, as the number of coins available on the market decreases, the demand for those coins \u2014 and thus, the price of each \u2014 increases.<\/p>\n<p>With that in mind, here are four cryptocurrency projects that are due to undergo block reward halvings in the coming year, when their issuance rate will be cut in half.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Verge_XGV\"><\/span>Verge (XGV)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Verge\u00a0(XVG) is set to undergo a halving on Jan. 25 when its chain reaches a block height of 4,700,000. At this point, the current reward of 200 XVG which is issued to miners every 30 seconds will be cut to 100 XVG.<\/p>\n<p>With just over 11 days to go before the halving, it may be assumed that the opportunity to get ahead of the reduction in Verge\u2019s supply has already passed. However, capitalizing on block reward halvings has never been an exact <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/sciencee\/\" data-internallinksmanager029f6b8e52c=\"5\" title=\"Science\" target=\"_blank\" rel=\"noopener\">science<\/a>, and often times a coin fails to react to the event until after the fact.<\/p>\n<p>The XVG price hit an all-time high of $0.30 back in December 2017, before suffering a near three-year slide down to the $0.001 mark by 2020. Since the winter surge that sent Bitcoin to a new all-time high, however, Verge\u2019s fortunes have reversed. The coin recorded growth of 219% between November and the time of writing. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tomochain_TOMO\"><\/span>Tomochain (TOMO)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Tomochain\u2019s\u00a0(TOMO) halving will occur on Feb. 7, when the number of TOMO coins issued yearly will be reduced from 2 million to 1 million. <\/p>\n<p>The Tomochain blockchain features block times of two seconds, and every 900 blocks make up an epoch. For each epoch, a total of 250 coins are issued to miners at the current time. This figure will be halved to 125 coins in February.<\/p>\n<p>Launched in 2017, Tomochain uses a proof-of-stake consensus mechanism and is compatible with the Ethereum Virtual Machine. The upcoming halving will be only the second in the coin\u2019s history, and also its last. From here on, the TOMO issuance rate will remain the same until the coin\u2019s total supply of 100,000,000 has been reached. <\/p>\n<h2><span class=\"ez-toc-section\" id=\"Vertcoin_VTC\"><\/span>Vertcoin (VTC)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Vertcoin\u2019s (VTC) block reward halving is scheduled for Dec. 8, at which point the number of VTC issued to miners will be reduced from 25 to 12.5 per block. <\/p>\n<p>Vertcoin was forked from Litecoin (LTC) \u00a0\u2014 itself a Bitcoin fork \u2014 in 2014 as a response to the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>lication-specific integrated circuit, or ASIC, machines that were invented for Litecoin mining the same year. Vertcoin aims to remain ASIC-resistant and can be mined with a GPU.<\/p>\n<p>Once a feature of the top 100 coins by market capitalization, Vertcoin now finds itself ranked in the mid-500s after a 98% decline from its all-time high in December 2017.<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ravencoin_RVN\"><\/span>Ravencoin (RVN)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p>Although not technically scheduled to take place until January 2022, Ravencoin\u2019s (RVN) first block reward halving is just 12 calendar months away and will see the issuance rate cut from 5,000 RVN to 2,500 RVN per block. <\/p>\n<p>Launched in 2018, Ravencoin is geared toward the registration and trade of real-world assets on the blockchain. In 2018, the then little-known project received a surprise investment of \u201cmillions of dollars\u201d from online American retail giant Overstock.<\/p>\n<p>Ravencoin reached an all-time high in the $0.08 range in June 2019. Today, the coin trades at a price of $0.016 \u2014 a 48% increase since recent lows in November 2020.<\/p>\n<p><template data-name=\"subscription_form\" data-type=\"markets_outlook\"><\/template><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong>\n<\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/general\/\" target=\"_blank\" rel=\"noopener\">General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/cointelegraph.com\/news\/four-cryptocurrency-block-reward-halvings-to-look-out-for-in-2021\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;# Four cryptocurrency block reward halvings to look out for in 2021 &#8221; Block reward halvings cut the rate at which new coins are generated on a given blockchain by 50%. Such events, known jokingly as \u201chalvenings,\u201d have long been anticipated by cryptocurrency traders as catalysts for pushing up the price of their cryptocurrency holdings&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":153521,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/s3.cointelegraph.com\/uploads\/2021-01\/b142d1a5-b25f-4e43-954d-f44aa2cb1118.jpg","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[74862,74894,78827,75162,83560,89342,4965],"class_list":["post-153520","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-general","tag-bitcoin","tag-blockchain","tag-halving","tag-litecoin","tag-verge","tag-vertcoin","tag-technology"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/153520","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=153520"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/153520\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/153521"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=153520"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=153520"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=153520"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}