Ethereum Classic to Decrease Block Reward
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14 March
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Blockchain-based ecosystem Ethereum Classic (ETH) will undergo a reduction of mining reward on March 16th, according to the Ethereum Classic Era Countdown website.

Ethereum Classic to Decrease Block Reward

Chart of the USD/ETC trading pair from EXANTE

At press time, Ethereum Classic is trading at $4,77 (+4,58%).

The planned decrease will reduce mining reward from 4 ETC down to 3.2 ETC per block once the 10000000th block is mined.

The monetary policy approved back in 2017, sets a limit for the total ETC issuance. Once every 5,000,000th block is generated, the reduction by 20% takes effect. Due to variations in the reward rate of ETC, the total supply of ETC will be approximately 210 million ETC.

Buterin Sees Possibility for Merging Ethereum Classic Into Ethereum 2.0

Earlier iHodl reported that a release manager at blockchain-related company Parity Technologies & ex-core developer of Ethereum Afri Schoeden tested positive for Chinese coronavirus Covid-19.

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