Cryptocurrency Short News

Ethereum’s Muir Glacier Hard Fork Reduces Block Time To 12 Seconds

Ethereum’s latest hard fork has proven beneficial for the network. As Muir Glacier upgrade completes, network statistics are generated. As per this statistics report, ETH Block mining time has reduced by 25% to only 12 seconds from 17sec.

Muir Glacier hard fork had another important update for delaying the impending IceAge. As a result, the no.of mined Ethereum coins has increased from 10,000 ETH to 12,000 ETH. The Ethereum hard fork will further make the inflation rate around 5% the report says. The network has another hard fork planned in September 2021 to switch from PoW to PoS that claims to reduce the inflation rate to 0.22%.

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Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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