- 16.02.2020

Ethereum halving date 2019

ethereum halving date 2019Several factors could explain ether's spectacular gains and determine the driving force for bitcoin's year-to-date gains and the entire crypto market rally, discussed the positive impact of halving on price throughout Read the story Trader: Bitcoin and Ethereum's Block Reward Halving Will If the halving begins to have an impact on the price of BTC beginning May as.

Ethereum halving date 2019

By Marco Cavicchioli - 30 Apr In a few days there will be the third Bitcoin halving, but when will the Ethereum halving take place?

And what is it?

Ethereum halving date 2019

Although both Bitcoin and Ethereum are based on mining with Proof of Work for nowwhich means that miners receive newly created tokens for each mined block as a reward, the answer to the question of when Ethereum will be halved ethereum halving date 2019 not so simple.

In fact, the Ethereum protocol, unlike Bitcoin, does not more info halving. If on the one hand one of the main focuses of bitcoin is its deflationary nature, linked to the fact ethereum halving date 2019 every ethereum halving date 2019 years the creation of new BTC is halved until in several years they will not be created anymore, on ethereum halving date 2019 other hand, the monetary policy of Ethereum halving date 2019 is different.

Ethereum halving date 2019

ETH has in fact an inflationary nature, although the inflation of its monetary mass, while ethereum halving date 2019 decreasing to zero, remains very low and programmed. As the chart depicting the daily rewards distributed to ETH miners shows, they have fallen over time.

Ethereum halving date 2019

A first reduction took place inuntil September, with a subsequent increase in October. Another reduction occurred starting in Novemberuntil February and another ethereum halving date 2019 between October and Decemberbut recovered in January Some time agofor instance, the mining reward for a block was reduced from 3 ETH to 2 ETH, and at the end ofa survey revealed a certain consensus on reducing it further to 1 ETH.

Ethereum halving date 2019

A reduction from 2 ETH to 1 ETH represents a halving of the reward, but it is purely coincidental that the consensus focused on halving the reward.

Moreover, not only is it not a given that the reward for ETH miners will be halved, but it is also not a given that it will be reduced. In fact, while for Bitcoin all the ethereum halving date 2019 have already been decided, and this ethereum halving date 2019 is virtually unchangeable, for Ether decisions bitcoin not profitable 2019 occasionally taken that change its monetary policy.

To date, in fact, the final decision to cut in half the reward for ETH miners ethereum halving date 2019 not yet been taken, ethereum halving date 2019 ethereum halving date 2019 reward is still 2 ETH and it is not known when and if it will actually be halved.

Ethereum halving date 2019

Furthermore, even if it is indeed decided to reduce it, there is in fact no certainty that it will be halved to 1 ETH because it seems that the decision on ethereum halving date 2019 size of the reduction has not yet been taken.

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