Bitcoin Cash adjusts its difficulty downwards if there is, roughly speaking, a 12 hour gap between blocks. At least that's my understanding.
Difficulty has dropped to about a quarter of what it was because if that and more blocks are coming in now.
Does this not mean that the new difficulty rules will no longer be triggered now? It seems difficulty has adjusted enough to never again trigger the rules with high likelihood.
That would mean that the next difficulty change happens through the regular mechanism. This regularly happens every two weeks but because the hash rate is still so low it could be far longer than that.
The last 30 blocks took about 21 hours. Normally, 21 hours would have produced 126 blocks on average. So it seems the speed we are seeing is roughly a quarter of the normal speed despite the lower difficulty.
And that seems to imply that this difficulty period will take roughly 8 weeks to complete assuming that the hash rate on that chain stays the same.
Is this assessment correct?