Community

TTC Halving 2020 Completed

TTC | 04.14| 64

Block Producing Rewards, Voting Rewards and Tigris Staking Rewards will be adjusted

Dear Community,
The first TTC Halving, aka TTC Halving 2020, successfully occurred on 10,512,000th blocks, on 2:28 AM April 14th 2020(GMT +8:00).

What is TTC Halving?
‘Halving’ is an event where the reward for mining new blocks is “halved”, meaning miners receive 50% fewer rewards for verifying transactions. The ‘Halving’ mechanism, used with the limited supply amount, is designed to decrease the supply of cryptocurrency and adjust the inflation rate.

As the TTC Halving 2020 is now completed, the rewards for each block producing is adjusted to 5.945585761 TTC (from 11.89117152 TTC). The annual inflation rate of TTC is adjusted to 6.25% (from 12.5%).

The next TTC Halving will occur on 21,024,000th block. Stay tuned for more TTC news and updates by following the official Telegram and twitter.

— TTC Foundation

About TTC
TTC is a blockchain fit for mass adoption and a sustainable token economy model. For details, visit our website. For the latest news on TTC, join our Telegram and follow us on twitter.

Comment 0

delete

Are you sure you want to delete this post?