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Lisk (LSK) Reaches Reward Halving for Block Producers

Published 11/01/2018, 10:33 AM
Updated 11/01/2018, 11:40 AM
© Reuters.   Lisk (LSK) Reaches Reward Halving for Block Producers

Lisk (LSK), one of the more significant distributed proof-of-stake networks, has reached a reward-halving date. The halving in DPoS coins is a bit different than that of minable coins. For the Lisk network, the reward will be lowered from 4 to 3 LSK per block, then lowered by one LSK each year until it reaches 1 LSK.

The reason for the lowered reward is to gradually decrease inflation within the LSK ecosystem. With 10-second blocks, from now on, the network of 101 block producers will compete for 8,640 LSK in a day.

For LSK, the halving event will probably not lead to an immediate and rapid appreciation. In the past, for some coins, the ...


This article appeared first on Cryptovest

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