Triple Halving of Ethereum: What Do You Need to Know?

Triple Halving of Ethereum: What Do You Need to Know?

The rise in the hype of cryptocurrency has been taking place for the past few years. This has taken a new face as an investment for many people all across the globe.

Having said that, crypto is one of the parts of the blockchain, where people can make transactions by buying and selling cryptocurrencies.

Indeed it is a fact that as per the hype, crypto is not gaining that much attention as people become investors. But now to overcome the scalability issues, it has come up with the solution of having some of the big cryptocurrencies.

Did it raise a question mark in your head? Yes, do not worry; this article will help you understand what halving means, the triple Ethereum halving, and will answer all the questions running in your mind.

What is Crypto Halving?

In simpler terms, halving helps to keep the supply of cryptocurrencies intact. The big crypto such as Bitcoin, Ethereum, etc are mined in order to increase the units, however, in the halving process, the reward for mining is cut in half.

This halving process is done with the mindset to increase the price of that particular crypto, wondering how?

Yes, well the halving process reduces the rewards for mining as more and more blocks get created. This will limit the supply of the coin so that the price of the cryptos can rise.

Additionally, this will help in improving the scalability of the crypto market in order to get more networks in the blockchain.

Furthermore, it is not important that crypto halving means to make equal two halves but this article will help to know about the triple halving of Ethereum that is taking place in the below section.

What is Triple Halving of Ethereum?

After reading the above section, it is clearly determined from the name of halving itself that it is the cut-off of a particular coin in two halves.

But, here we are going to talk about the upcoming crypto halving that is Ethereum where it is not just into halves but has the process where triple cut-off takes place. 

Bitcoin and Ethereum block halving are the two big coins with greater hype all over the world.

Ethereum on the other hand is divided into three coins such as Ether, and Ethereum 2.0, in order to showcase the triple halving. This will as discussed above, help in the increasing price of the coin.

Since the clarity on the triple halving process of Ethereum is already known, you must be thinking if there are more coins similar to this.

If you are also thinking the same, then reading the section below will give you the answers.

Has Something Similar Happened to Other Cryptocurrencies?

When crypto is talked about, the first name that comes to any individual’s mind is that of Bitcoin.

Also, where halving is concerned, being the first coin of the crypto market, Bitcoin did undergo the process of halving; which the most recent was in May 2020.

Indeed the rewards decreased from 12.5BTC to 6.25BTC, the price was also recorded to be $8800 on a particular day.

However, after a few months, the price of Bitcoin started to rise at a very high level, as the supply was limited from $8800 to $40000, which went up to $60000 and more.

And, halving creates an abundance of the coins by dividing them into halves, the reason why the prices go higher as now it becomes valuable. Even if checked now, the price of Bitcoin has reached the sky and the returns have made people stunned.

The above clearly demonstrates that halving can create a huge impact on the price of the coin, the fact that Ethereum has a triple halving which is predicted to have the same output as Bitcoin.

In the below section, you will learn about Ethereum 2.0, which is an upgraded version of the coin in order to give better technical support to the users.

What is Ethereum 2.0?

Ethereum 2.0 is the upgraded version of Ethereum that is created to give great exposure to investors.

Ethereum gives a Defi platform to the users, but since the scalability is not witnessed therefore considering the issue, the upgraded version of the same is introduced to reach a wide network.

Adding to the above, every individual who has saved up units of Ethereum will also get their rewards successfully with the launch of Ethereum 2.0.

This will also help the users to participate in the liquidity pools with the usage of their stakes in the Ethereum coins.

It will allow them to avail some rewards as per the Defi protocols available on the blockchain network and in which the user participates.

Ethereum 2.0 & The Triple Halving Event: When Will They Happen?

The launch of Ethereum 2.0 in itself is a big hype in the crypto exchange development company market itself as it will bring a technological change in the crypto investment methods, markets, and the users experiencing the same.

Before beginning with the section which you were eagerly waiting for after going through the above information to know the launch period of this upgraded version.

According to the expert’s prediction, Ethereum 2.0 and the triple halving event is scheduled for the year 2022 itself, somewhere in the mid i.e.

May approximately. Since crypto is a very volatile market, after the launch of the triple halving event, it is said to have a huge upsurge in the coins.

With the increasing hype and halving process, the investors with stakes will also witness rewards for the same.

Conclusion

Are you a crypto fan? If yes, then this is great news for you that Ethereum 2.0 is getting launched.

Surprising isn’t it! Well, definitely as with the fast pace of technology, the crypto market has also adapted to new changes.

Not only this, but it will also help the Ethereum coin to get more hype around the world so that it can attract more users to join the network of blockchain.

The total coin circulation supply of Ethereum will take a new face in the crypto market as the triple halving will limit the supply so that the prices can rise eventually.

Furthermore, did you know that now you can make your own cryptocurrency? If not, then do not worry; we have the best solution for you that is BR Softech, where you can reach out to a team of experts for a cryptocurrency game development company of your own.

Steffan

Steffan