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Ethereum Fair Upgrades Main Network in Milan

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On March 16th, according to Ethereum Fair\’s Twitter message, Ethereum Fair\’s main network will be upgraded in Milan on March 20th. This upgrade includes halving

Ethereum Fair Upgrades Main Network in Milan

On March 16th, according to Ethereum Fair’s Twitter message, Ethereum Fair’s main network will be upgraded in Milan on March 20th. This upgrade includes halving the rewards per 3 million blocks and canceling the tertiary block rewards. The current block rewards are modified to 1 ETHF, and the DAG height is modified to allow more mining machines to participate, with a total limit of 210 million. Ethereum Fair is the first bifurcation in the world after ETH was transferred to POS, with POW reserved.

Ethereum Fair announced a Milan upgrade on March 20th

Analysis based on this information:


Ethereum Fair’s recent Twitter message indicates that it is planning to make an update on its main network on March 20th. According to the announcement, the team plans to modify various aspects of the network, which include halving the rewards every 3 million blocks and the cancellation of tertiary block rewards. The current block rewards are set to 1 ETHF with increased DAG height to allow more mining machines to participate. However, the total limit is capped at 210 million.

The upgrade of the main network is essential for Ethereum Fair, which is the first forking or bifurcation in the world since the transfer of Ethereum (ETH) to Proof of Stake (POS), with Proof of Work (POW) being reserved. With this upgrade, Ethereum Fair aims to achieve faster transaction processing and better overall scalability for users.

Since Ethereum Fair is a fork of the Ethereum network, it shares many similarities with the original network. However, the main difference is that Ethereum Fair still operates on a POW consensus algorithm, allowing miners to participate and validate transactions on the network. This update, therefore, is critical for the network’s long-term sustainability, as it is expected to improve overall efficiency and maintain the network’s decentralized nature.

Halving the block rewards and the elimination of tertiary block rewards is a move towards reducing the issuance rate of ETHF tokens. This also aids in curbing inflationary pressures and ensures that the number of tokens in circulation is optimal for market demand. The increase in DAG height, on the other hand, makes it possible for new mining machines to participate, which encourages competition among miners and maintains network security.

In conclusion, the upcoming upgrade of Ethereum Fair’s main network signifies a significant phase in the network’s development. The update is expected to improve scalability and processing speeds while ensuring that the network remains decentralized. The decision to reduce block rewards and eliminate tertiary block rewards is a conscious move towards reducing inflationary pressures and ensuring market demand is met. This network upgrade, therefore, promises to be a significant step in Ethereum Fair’s journey towards becoming a more robust and efficient blockchain network.

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