Ethereum Difficulty Bomb Delayed, Block Reward Reduced

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Ethereum Difficulty Bomb Delayed, Block Reward Reduced

Posted on September 1st, 2018 in Altcoin by Ryan Warner

The Constantinople hard fork has now had a proposal finalized that will change the amount of ether that is entering the cryptocurrency markets.

Constantinople is designed to increase efficiency and lower transaction fees for Ether as well as smooth the transition from a Proof-of-Work algorithm to a Proof-of-Stake algorithm. With Constantinople Ether will have several upgrades including a block reward reduction from the current 3 Ether to 2 Ether reducing rewards by 33%.

In addition to the block reward reduction the difficult bomb has also been delayed by another 12 months. The developers also agreed to release another hard fork eight months after Constantinople.

Developers could not reach an agreement over restricting the use of ASIC hardware, but the majority believe it should be the focus of future research.