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baovotes.ethbaovotes.ethby0x3bC3c8aF8CFe3dFC9bA1A57c7C3b653e3f6d69510x3bC3…6951

Response to Halving Bug

Voting ended over 5 years agoSucceeded

Purpose:

We managed to partially fix the halving bug, but there was still an issue.

Our transaction was supposed to properly map out all the halving blocks again, but instead it pushed back the first halving by 14 days and set the others to be 1 block apart.

This just means we'll need to manually update the halvings each time.

It also means there are two additional weeks at 4096x bonus multiplier.

We have a few options:

  1. Set a timelock transaction to lower the base block reward from 1000 -> 500 which will do the same as if the halving was taking place.

  2. Leave the extra bonus period and have a higher supply.

  3. Leave the current bonus period, but lower rewards in the future weeks when we resolving the halving blocks.

Off-Chain Vote

1
2.42B 75.6%
2
694.93M 21.7%
3
88.25M 2.8%
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Timeline

Dec 16, 2020Proposal created
Dec 16, 2020Proposal vote started
Dec 18, 2020Proposal vote ended
Oct 26, 2023Proposal updated