Ethereum Classic: Block Reward Reduction

Another halving took place on the Ethereum Classic network, as a result of which the reward for finding a block decreased from 2.56 to 2.048 ETC. Halving in the ETC network occurs every 2 years, during which the block reward is reduced by 20% with the goal of achieving an emission of 210.7 million ETC. The price of the coin reacted poorly to this event; Ethereum Classic lost only 1% in price over the last 24 hours.