Ethereum Block Mining Time to Drop Significantly

Now block mining time take around 12.5, this is the lowest figure for the entire lifetime of the network
04 March 2019   657

The average time of the block mining in the Ethereum network after the recent hard fork of Constantinople, as a result of which the activation of the complexity bomb was postponed, fell to 12.5 seconds, although some time ago it was 21 seconds. This is the lowest figure for the entire lifetime of the network, Trustnodes reports

Ethereum Block Time in Secs
Ethereum Block Time in Secs
Ethereum Network Hashrate Growth Chart
Ethereum Network Hashrate Growth Chart
 

At the same time, the network hashrate has not changed much over the past few weeks.

As is known, with a decrease in total computing power, finding blocks usually takes more time, since miners working on the same level of complexity turn out to be less. As the hashrate grows, mathematical calculations become simpler, but this period only lasts until the next recalculation of the complexity of mining.

As for the bomb complexity, it is an algorithm that provides a slow but exponential increase in complexity after a certain block. At some point, this level reaches a point when mining becomes virtually impossible.

Taking into account this factor, the Ethereum network plans to switch over to the Proof of Stake (PoS) algorithm in the future, but this transition, apparently, will not happen quickly, and for a while the PoS and Proof of Work (PoW) circuits will work in parallel .

Due to the delay in switching to PoS, the bomb of complexity on the Ethereum network was postponed twice, and after the first such case, the average time spent by the blocks fell to 13.5 seconds, after which it rose again to about 14-15 seconds.

A faster time to mine the blocks also means that daily emission has also slightly increased: if immediately after the Constantinople upgrade it has dropped to 12,800 ETH, now this figure is about 13,600 ETH. It is expected that in the future the level of daily emissions will stabilize in the region of 13,000 ETH.

The next major reduction in daily emissions is expected with the activation of the PoS Beacon chain, which may occur at the end of this year.

Earlier it became known that after the successful upgrade of Constantinople, the leading developers of Ethereum began to search for new coordinators for future network upgrades.

Litecoin to Implement Reward Halving Successfully

Block reward was reduced from 25 LTC to 12.5 LTC on block 1,680,000
06 August 2019   110

Today, on August 5, the reward for the Litecoin block for miners was halved.

Halving happened on block 1,680,000, changing the block reward from 25 LTC to 12.5 LTC. The next halving will take place in four years - tentatively on August 2, 2023, as a result of which the block reward will decrease to 6.25 LTC, making digital silver even more scarce.

Litecoin Block Reward Halving Countdown
Litecoin Block Reward Halving Countdown

According to litecoinblockhalf, 75% of the total Litecoin supply has been mined so far. The current inflation rate of the coin is 4.26%, and after four years it should drop to 1.80%.

Many investors were sure that the market had long “digested” the positive expectations in connection with a decrease in cryptocurrency emissions and expected either a sideways price movement or even a decrease in the LTC rate.