Klaytn Proposes A Block Reward Reduction

Twitter icon  •  Published för 1 år sedan  •  Hassan Maishera

The Klaytn Foundation announced via a blog post on Sunday that it has submitted a governance proposal that recommends decreasing existing block rewards by ⅓ in order to optimize the level of KLAY emission.

The Klaytn Foundation announced via a blog post on Sunday that it has submitted a governance proposal that recommends decreasing existing block rewards by ⅓ in order to optimize the level of KLAY emission.

The team added that if the proposal is approved by the Governance Council (vote ending October 25th), the inflation adjustment will be reflected on-chain around mid-November.

Klaytn is a public blockchain developed by Ground X, the blockchain arm of Korea’s internet giant Kakao with 50 million users worldwide. KLAY is up by more than 23% in the last 24 hours and now trades at $0.1839 per token.

Author

Hassan Maishera

Hassan is a Nigeria-based financial content creator that has invested in many different blockchain projects, including Bitcoin, Ether, Stellar Lumens, Cardano, VeChain and Solana. He currently works as a financial markets and cryptocurrency writer and has contributed to a large number of the leading FX, stock and cryptocurrency blogs in the world.