Ethereum Fair is ready to transition towards a sustainable future with its upcoming network upgrade
On March 16th, according to Ethereum Fair’s Twitter message, Ethereum Fair’s main network will be upgraded in Milan on March 20th. This upgrade includes halving the rewards per 3 million blocks and canceling the tertiary block rewards. The current block rewards are modified to 1 ETHF, and the DAG height is modified to allow more mining machines to participate, with a total limit of 210 million. Ethereum Fair is the first bifurcation in the world after ETH was transferred to POS, with POW reserved.
Ethereum Fair announced a Milan upgrade on March 20th
Analysis based on this information:
Ethereum Fair, the first bifurcation in the world after the Ethereum (ETH) network was transitioned to Proof of Stake (POS), is undergoing a major network upgrade on March 20th, as announced on Twitter on March 16th. The upgrade includes significant changes that aim to improve the sustainability of the Ethereum Fair network.
One of the notable changes is the halving of rewards per 3 million blocks, which would mean that the new block rewards would be modified to 1 Ethereum Fair (ETHF). Additionally, the tertiary block rewards are being canceled, which would further reduce the overall incentive for miners. These changes point towards the network’s efforts to improve its energy efficiency as both halving rewards and canceling tertiary rewards would lead to a reduction in electricity consumption and carbon footprint.
Moreover, the upgrade will also modify the DAG height, which is expected to allow more mining machines to participate in the network. The total limit of Ethereum Fair would be set at 210 million. All these changes are part of Ethereum Fair’s goal to transition towards a sustainable future, making it more environmentally friendly and energy-efficient than other Proof of Work (POW) networks.
The network upgrade is a significant step for Ethereum Fair, as it would allow miners to continue using their existing mining equipment to contribute towards the network, while reducing the overall energy consumption of the network. By doing so, Ethereum Fair aims to attract more miners towards its network and establish itself as a sustainable and secure blockchain platform.
In conclusion, Ethereum Fair’s upcoming network upgrade highlights the network’s commitment to sustainability and energy efficiency. With the introduction of these changes, Ethereum Fair has taken a big step towards a more sustainable future, and this will likely attract more users and miners towards the network in the long run.
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