RATE Group | Ethereum Block Time Reduced by 25% After Muir Glacier Hard Fork
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Ethereum Block Time Reduced by 25% After Muir Glacier Hard Fork

05 Jan Ethereum Block Time Reduced by 25% After Muir Glacier Hard Fork

Posted at 22:28h in Ethereum News by

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The average block time on the Ethereum blockchain decreased by almost a quarter after the mining difficulty was decreased.

Data reported on Ethereum block explorer Etherscan shows that from Jan. 1 to Jan. 4, the daily average block time on the blockchain decreased from 17.16 seconds to 12.96. This translates to a 24.48% shorter block time.

Chart of the Ethereum average block time March 3-Jan. 4

Chart of the Ethereum average block time March 3-Jan. 4. Source: Etherscan

Obviously, the block time decrease resulted in a higher number of blocks mined daily and a higher Ether (ETH) inflation. According to Etherscan’s Ethereum block count and rewards chart, during Jan. 1, miners create 4,980 new blocks and 10,237 ETH. Meanwhile on Jan. 4 the network’s miners created 6,570 new blocks and 13,437 new ETH. This is nearly a 32% increase in the number of blocks and over 31% increase in block rewards.

Chart of Ethereum block count and rewards March 3-Jan. 4

Chart of Ethereum block count and rewards March 3-Jan. 4. Source: Etherscan

The changes described above are all consequences of the recent…

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