Doing so will help facilitate an upgrade to the currency’s foundational blockchain while simultaneously reducing the amount earned by miners for each transaction. The new system is aimed at preventing miners from spamming transactions to “game the system,” which drive up fees for other users.
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ETH Slashes Issuance As It Upgrades Blockchain
Ethereum has reduced 65%, or roughly the equivalent of $5.8 billion, of its new issuances since August. So reports Yahoo! Finance.
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