What factors determine the block reward of Ethereum?

1 answers

• Jun ChenAug 31, 2023 · 2 years ago
  The block reward of Ethereum is determined by several factors. The current difficulty level of mining is a key factor that affects the block reward. As the difficulty increases, the block reward decreases. Another factor is the gas limit of each block, which determines the maximum amount of computational work that can be included in a block. The block reward is also influenced by the Ethereum Ice Age, which increases the mining difficulty over time and leads to a decrease in the block reward. Additionally, the Ethereum community has the power to influence the block reward through consensus mechanisms and protocol upgrades. These factors collectively determine the block reward of Ethereum.
  697

  349