Ethereum Classic Network Successfully Implements Supply Reduction

News, Official Announcement, May 31, 2024:
Ethereum Classic (ETC) network has successfully completed its “Fifthening,” reducing block rewards from 2.56ETC to 2.048ETC. This halving occurred at block height 20000001, which was mined by K1Pool; the last block before the halving was mined by F2Pool. Currently, the ETC network has a total hashrate of approximately 180T, showing a steady increase of about 50% over the past year.