“Bomb of complexity” reduced Ethereum emission to 13,000 coins per day

Ethereum's daily issue on Sunday, February 10 reached a historic low, dropping to 13,000 ETH. This writes Trustnodes .

The extraction time of one block in the Ethereum network is more than 20 seconds, with which the average daily number of transactions fell from 580,000 to 380,000 units. Commissions are $ 0.005 per transaction. The price of ETH for the last week has risen from $ 100 to $ 120.

The changes taking place in the Ethereum network, the so-called “ice age”, are associated with the planned activation of the hardfork Constantinople. It is expected that after its launch, the daily emission will be established at the level of 13400 ETH, the extraction time of one unit will be 14 seconds, and the reward for it will be reduced from 3 to 2 ETH. Ethereum inflation rate will be about 4%.

Hardfork will take place on block No. 7,280,000 tentatively on February 25.

Simultaneously with Constantinople, the hardfork Petersburg will be activated on the Ethereum network. It will be designed to disable the EIP-1283 protocol, in which problems with Reentrancy-type vulnerabilities have been identified. It is because of them and the upgrade was canceled in January.

Recall, initially, with the activation of the “bomb complexity”, daily rewards for mining blocks in the Ethereum network decreased from 20,000 to 15,000 ETH .

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