At block height 525600, the Ghost blockchain officially underwent its first block reward reduction! This reduction has reduced the emission rate by 5% and will continue to do so every 262,800 blocks for the next 45 years. With the reduction now active throughout the chain, the new block emission is about 11.400 $GHOST per block, down from 12. The new emission distribution per block is displayed below:
· Miner Reward: 3.876
· Ghost Veteran Rewards: 5.700
· Ghost Development Fund: 1.824
Next week we will be publishing our quarterly review of Q2’s development progress and what’s upcoming for Q3!
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