Ethereum developers are proposing to reduce the block reward from 3 to 2 ethers due to the delay in increasing the difficulty. Ethereum block confirmation times may soon increase due to a protocol rule that increases mining difficulty to incentivize work through proof of stake.
The Casper PoS protocol, which should solve most problems, is not yet ready. This protocol will not be launched until next year, so the developers are implementing these changes to provide themselves with more time. The developers' announcement states:
“To maintain system stability, we are reducing the block reward, which compensates for the delay in development. The system will operate as before. Reducing the reward also reduces the likelihood of a blockchain split.
Ethereum developer Hudson Jameson recently announced that the Metropolis Constantinople hard fork will be launched before Devcon.
The Devcon conference will be held at the end of October this year in Prague. This means that the hard fork could happen in three months, which is bad news for Ethereum.
In October last year, the block reward was already reduced from 5 to 3 eth. With the launch of Casper, the reward is planned to be reduced to 0.6 eth for PoW miners and to 0.82 for PoS validators. Thus, this minor adjustment to 2 eth is just a preparation for a larger scale operation next year.
But despite the critical comments, most netizens recognize the need for gradual adjustments in light of future drastic changes.
According to .trustnodes.com
You May Also Like
Analysis of cryptocurrency pairs BTC/USD, ETH/USD, XRP/USD as of 08/16/2018
After recovering from the lows, the possibility of a bullish impulse appeared
ETH sets a new record above $4,500
On November 2, the price of ether set a new all-time high above $4,500.
