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Ethereum Fair Upgrades Main Network with Halved Rewards and Canceled Tertiary Block Rewards

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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

Ethereum Fair Upgrades Main Network with Halved Rewards and Canceled Tertiary Block Rewards

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:


The message from Ethereum Fair’s Twitter account informed users about the upcoming main network upgrade scheduled for March 20th, in Milan, Italy. This upgrade will involve significant changes to block rewards and other network functionalities.

One of the significant changes outlined in this message is that Ethereum Fair will half the rewards per 3 million blocks. This reduction in rewards can be attributed to the network’s desire to manage inflation and circumvent the risk of the token losing its value. The consequence of halving rewards is that users will now be rewarded one ETHF per block, down from the previous two ETHF that was awarded.

Another significant change that will happen is the cancelation of tertiary block rewards. The tertiary block reward was a smaller bonus reward that was added when a block was mined and went directly to the miner’s wallet. The move to cancel this bonus reward is a strategic step to further reduce the network’s inflation and ensure that the token’s value is maintained in the long term.

The message also states that Ethereum Fair is modifying DAG height to allow more mining machines to participate in the network. By expanding the number of machines that can participate, the network expects to have more miners, improving mining efficiency and reducing the probability of centralization. The network has imposed a total limit of 210 million tokens to reduce the possibility of coin dilution.

Finally, the message notes that Ethereum Fair is the world’s first bifurcation (fork) with Proof of Stake (POS) transferred to Proof of Work (POW). In other words, Ethereum Fair is a more energy-efficient version of Ethereum as it operates on POW, which reduces the energy consumption per unit of work than POS.

In conclusion, the Ethereum Fair main network upgrade is a crucial step towards maintaining the network’s stability and efficiency. The network’s move to halve block rewards, eliminate tertiary block rewards, and modify the DAG height will help manage inflation and ensure the token’s value is maintained. The move to POW from POS will also help reduce network energy consumption.

Overall, this message is a signal of positive developments in the world of blockchain technology and cryptocurrency.

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