ETHEREUM ISSUE DECREASED BY 25%

The average daily size of awards for adding blocks to the Ethereum network fell by about a quarter as a result of the activation of the complexity bomb and the onset of the soft version of the “ice age” embedded in the cryptocurrency code.

This situation will last until the end of February, when the hard fork Constantinople should be activated, along with which the complexity bomb will be delayed for another year, and the size of the reward will decrease from 3 ETH to 2 ETH per block. The update was delayed relative to the original date set for November last year – as a result, the daily emissions now amount to about 15,000 ETH instead of 20,000 ETH in the previous stage.

Now, the Ethereum block time is about 18 seconds, which is more than 15 seconds in the stage before, but less than 30 seconds that the network went out before carrying the complexity bomb in 2017.

Due to the spread of values, the extraction of some blocks can currently take up to 2 minutes, but the size of the commissions remains at the level of half a cent. The decline in supply from the miners did not have a positive impact on the price of the cryptocurrency, which recently fell to the level of $105 along with the wider market.