The first halving took place on the Bitcoin SV network

by in Cryptocurrency News

Bitcoin SV halving

On the night of April 10, the first halving took place on the BSV network. As a result, the reward for miners was reduced from 12.5 BSV to 6.25 BSV.

Related: BSV was the best performing coin of the recent bull run

The halving took place at block #630000 00:48 UTC. The indicated block was found by the SBICrypto.com pool, which is part of the structure of the Japanese financial holding SBI Group 10.

Note that over the past day the price of BSV fell by more than 10%. A day ago, the coin was trading in the region of $220, at the moment just below $200.

Recall that the BSV appeared on November 15, 2018, as a result of the BCH hard fork, which, in turn, is a fork of the first crypto coin.

Recall, that Arcane Research analysts published a report, in which they shared their thoughts on the reasons for the BSV rally, which grew by almost 200% in 7 days.