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Ethereum (ETH) Team Proposes Block Reward Cut after Constantinople Hard Fork

Published 09/03/2018, 06:59 AM
Updated 09/03/2018, 08:00 AM
 Ethereum (ETH) Team Proposes Block Reward Cut after Constantinople Hard Fork
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The Ethereum (ETH) network is preparing for the Constantinople hard fork, which will come with a reduction in rewards to 2 ETH per block. This was one of the decisions Ethereum developers took in a recent meeting which did not feature founder Vitalik Buterin:

https://twitter.com/RichardHeartWin/status/1035545747868012545

The Constantinople hard fork is supposed to be one of the final steps before Ethereum moves into the proof-of-stake stage. However, mining will continue for an indefinite period with a reduced reward. The Byzantium fork from October 2017 lowered the block reward from 5 to 3 ETH.

Some see the move as effectively an attempt to drive up the ETH market price. However, the potentially lowered supply would take years to ...


This article appeared first on Cryptovest

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