RATE Group | Ethereum Developers Move to Reduce New Cryptocurrency Creation
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Ethereum Developers Move to Reduce New Cryptocurrency Creation

31 Aug Ethereum Developers Move to Reduce New Cryptocurrency Creation

Posted at 16:47h in Cryptocurrency News by

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A proposal that, if enacted, would change how much new cryptocurrency is released on the world’s second-largest blockchain was finalized Friday, with developers agreeing to include the code for such a change as part of ethereum’s upcoming October upgrade, Constantinople.

Speaking on a video call, a group of 14 developers agreed to support code that would reduce the amount of new cryptocurrency introduced on ethereum to 2 ETH per block, down from 3 ETH today, by implementing an updated version of an ethereum improvement upgrade named EIP 1234.

Notably, investors and miners who attended a meeting on which upgrades should be included in Constantinople last week were not invited to this week’s meeting and did not attend.

But while this week’s meeting featured a more limited number of attendees, those present agreed that the difficulty bomb — a piece of code intended to add time pressure to upgrades, and that has influenced discussion of Constantinople’s code — will be delayed for…

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