ETH PoW Miners’ Block Reward to be Reduced to 0.6 ETH

This innovtion is a part of upcoming  Friendly Finality Gadget Casper (FFG Casper) update
03 April 2018   1952

The developers of Ethereum presented the technical characteristics of the first phase of the upcoming update, Friendly Finality Gadget Casper (FFG Casper), which will allow the network to switch to the hybrid mechanism of the consensus Proof-of-Work (PoW) / Proof-of-Stake (PoS). This is reported by Trustnodes.

In particular, the documentation specifies such an important parameter as the award to the miners for the block using the Proof-of-Work algorithm: after the new rules come into force, it will be reduced by 80% - from 3 ETH to 0.6 ETH.

In this proposed spec for stage 1 Casper, Ethereum will transition from pure proof of work to hybrid PoW/PoS. In this scheme, all of the proof of work mechanics will continue to exist albeit with a reduced block reward (0.6 ETH), but additional proof of stake mechanisms will be added. In particular, the fork choice rule (ie. the way that a client determines which chain is ‘the canonical chain’) will be modified to take these mechanics into account.

Ethereum Team

 It is also noted that the rules of fork's selection (the way by which the client defines the "canonical chain"), will be modified.

The published documentation does not specify a reward for PoS-miners. In theory, one might assume that the remaining 2,4 ETH will be redistributed to their advantage, but given the significantly reduced cost of this method, it can not be ruled out that the reward will be even lower.

MetaMask App to be In Public Beta

The app is synchronized with the cryptowallet in the original browser extension allowing to register new addresses in a moment
24 July 2019   267

The developers of the MetaMask Ethereum wallet wallet have opened the way for everyone to test the beta version of a mobile application available for Android and iOS.

According to the developers, the application is synchronized with the cryptowallet in the initial browser extension. It also allows you to manage crypto-assets, send ETH users and ERC-20 and ERC-721 standard tokens using ENS names (Ethereum Name Service), and interact with decentralized applications (dApps).

In addition, the application supports InstaPay payment channels for instant and free transactions. It also implements Web3 functionality, support for IPFS and various solutions to ensure a high level of security.

The launch of the mobile application MetaMask was announced 9 months ago during the Devcon4 conference in Prague.