RATE Group | Deconstructing The Ethereum Issuance Debate
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Deconstructing The Ethereum Issuance Debate

28 Aug Deconstructing The Ethereum Issuance Debate

Posted at 07:22h in Ethereum News by

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The latest core devs’ meeting centered around various Ethereum Improvement Proposals to reduce or maintain block rewards distributed to miners. ETHNews attempts to clear up the mud surrounding the discussion.

On Friday, August 24, Ethereum’s core devs and other stakeholders within the community gathered for meeting 45. Aside from updates related to testing, clients, and research, the crew discussed the upcoming Constantinople hard fork and the topic of issuance reduction (that is, reducing miners’ block rewards).

Issuance of block rewards, although an evergreen, seemingly nebulous issue within the Ethereum space, took center stage at the meeting. Important to this subject is the difficulty bomb, or the gradual increase in mining difficulty to the point where an Ethereum “ice age” (or lack of mining) would occur. This works so that as the network’s hashrate increases, the difficulty increases. This bomb was originally put in place to incentivize the move toward proof of stake, but…

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