Shock: Ethereum Miners Against Proposal to Reduce Block Rewards by 75%
Cointelegraph
Published Aug 20, 2020 11:34PM ET
Updated Aug 21, 2020 01:20AM ET
A new Ethereum improvement proposal (EIP) has been met with sharp criticism from miners suggesting those behind the proposal are less interested in the network’s security and more focused on investors’ interests.
EIP-2878 proposes that block rewards be reduced by 75%, from 2 ETH per block down to 0.5 ETH. The rationale behind this EIP is to bring Ethereum’s inflation rate closer into line with Bitcoin’s (BTC) and to preserve ETH’s purchasing power.
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Written By: Cointelegraph
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