Block Reward Reduction Announcement

English Announcements
1

As mentioned in block reward reduction announcement, the block reward will be reduced on Klaytn Baobab and Cypress networks in November, 2022. You can find more details in proposal reduction of klaytn block reward.

As-Is Block Rewards

  • 9.6 KLAY newly minted per block
  • Allocation of newly minted amount: GC — 34% / KGF — 54% / KIR — 12%

To-Be Block Reward

  • 6.4 KLAY newly minted per block
  • Allocation of newly minted amount: GC — 50% / KGF — 40% / KIR — 10%

Voting

Voting had been held in following blocks.

Baobab

  • block 105193190 (Oct 26, 2022, 16:38:55 KST): Block with reward.MintingAmount Vote
  • block 105193221 (Oct 26, 2022, 16:39:26 KST): Block with reward.ratio Vote

Cypress

  • block 105629058 (Nov 04, 2022 13:04:54 KST): Block with reward.MintingAmount Vote
  • block 105629111 (Nov 04, 2022 13:05:47 KST): Block with reward.ratio Vote

Schedule

Baobab Target

  • Block number: 105,840,000
  • Estimated time: Nov 03, 2022, 04:19:05 KST

Cypress Target

  • Block number: 106,444,800
  • Estimated time: Nov 13, 2022, 23:26:20 KST

*The exact time can vary depending on the network status.