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Ethereum Classic ETC is going to decrease the mining rewards on March 18
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Ethereum Classic ETC is going to decrease the mining rewards on March 18

Ethereum Classic is a decentralized platform that runs smart contracts: applications that can run completely programmatically without any possibility of downtime, censorship, or third-party interference. Ethereum Classic consists of cryptocurrency (ETC), a blockchain ledger, and an application and service ecosystem running on top of it.

ETC's reduction mechanism is that when the block height reaches 5,000,000, the block reward will be reduced by 20%, and thereafter every 20,000,000 blocks will be reduced by 20%. Due to changes in the ETC reward rate, the total supply is expected to be approximately 210 million ETC, and the maximum will not exceed 230 million ETC.

ETC will reduce its mining rewards for the first time at a block height of 10,000,000, and the block reward will be reduced by 20%, from 4ETH to 3.2 ETC. To follow the countdown of ETH reduction, please visit https://etc.tokenview.com/.