Ethereum block time back to 12 seconds after Muir Glacier hard fork Up to this point, the activation of the difficulty bomb managed to be reflected by the increase in the time for the extraction of one block to 17 seconds.

Ethereum block time goes back to 12 seconds after Muir Glacier hard fork

Average block time in Ethereum networks is approaching 12 seconds after the January 2 hard fork of Muir Glacier. Up to this point, the activation of the bomb of complexity managed to be reflected by the increase in the production time of one block to 17 seconds.

At the same time, the amount of rewards collected by miners has grown from approximately 10,000 ETH to 12,000 ETH per day., evidence the Etherscan portal. After the end of the first full day taken into account by the service and with a block time of 12 seconds, the value should approach 13,500 ETH - this was the case before the activation of the difficulty bomb in October.



Accordingly, Ethereum's inflation rate will again be around 5% and will increase a little more this year when the second chain based on the Proof-of-Stake consensus mechanism is launched..

At these levels, the inflation value can remain until September 2021, when the difficulty bomb will be activated again. By this time, the need for a functioning blockchain based on the Proof-of-Work mechanism may disappear, after which inflation will be limited by the emission of ETH in the PoS chain and amount to 0.22% per year.

The given timeframes are indicative, and a complete transition from PoW to PoS will require developers, among other things, to do the difficult work of integrating the existing chain into the new blockchain..

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