Search ForexCrunch
  • Ethereum’s average block time has gone down from  21 seconds per block to 12.5 seconds following the Constantinople hard fork.
  • Ethereum’s daily new supply increased from 12,800 to 13,600 following the hard fork.

Ethereum’s average block time has dropped from 21 seconds per block to 12.5 seconds, which is its lowest level ever. This happened following Ethereum’s Constantinople hard fork which kick-started this Thursday. The hard fork has delayed the Ethereum difficulty bomb by 12 months and decreased block reward from 3 ETH to 2 ETH. The difficulty bomb is a change in Ethereum’s protocol which will make it extremely difficult for miners to mine blocks.  

Here are some more interesting facts from TrustNodes:

  • Ethereum’s daily new supply increased from 12,800 to 13,600 after the hard fork.
  • Ethereum’s daily block reward has dropped from 20,000 ETH since December 2018 and is expected to dangle around 13,000 per day when the PoS Beacon Chain launches, towards the end of 2019.
  • Average block times have dropped before after similar delays of the difficulty bomb, but this recent decline is extraordinarily steep.