Is Bitcoin cash PoW?

The process of reducing the rate of new coin creation, known as halving, occurs in Bitcoin Cash every four years. This event is an integral part of the cryptocurrency's monetary policy and serves to further limit the supply, potentially increasing the value of each coin.

Bitcoin Cash, a digital asset akin to Bitcoin, relies on the Proof of Work (PoW) consensus mechanism for securing its network. This method ensures that transactions are validated and recorded in a decentralized and secure manner.

In terms of its issuance, Bitcoin Cash has an upper limit of 21 million units, mirroring the finite supply of Bitcoin. This fixed cap is designed to prevent inflation and maintain the scarcity of the asset over time.

BTCC's services extend beyond basic trading, offering spot and futures trading options to accommodate different investment strategies. Additionally, the exchange provides a secure wallet solution, allowing users to store their digital assets safely and conveniently.

The halving mechanism works by halving the reward given to miners for successfully verifying transactions on the blockchain. As the reward decreases, it becomes more challenging and expensive for miners to maintain the network's security, further emphasizing the importance of the PoW consensus mechanism.