Dash announces another 7.14% block reward reduction

12 Apr, 2019
by David Borman
News
Dash announces another 7.14% block reward reduction

Recently, Dash News reported that Dash has officially decreased its block reward by 7.14%, which it does a little over evey year or so in order to combat inflation. It is a similar, although less dramatic, process as the Bitcoin halvening, which happens about every 4 years.

Dash decreases the block reward for its coin every 210240 blocks, always by 7.14%. This roughly comes out to happening every 383.25 days. For comparison, Bitcoin reduces its block reward by 50% every 4 years. Both systems will one day mint their final coin and allow for the network to be powered by fees only, but Dash will take notably longer to achieve this than Bitcoin.

From the article:

"Dash will continue to emit coins for approximately 192 years before a full year of mining creates less than 1 DASH. After 2209 only 14 more DASH will be created. The last DASH will take 231 years to be generated, starting in 2246 and ending when emission completely stops in 2477."

Bitcoin on the other hand will have mined 99% of all Bitcoin by 2036, though that last 1% will take until 2140 to be mined. It is unclear which, if either, model will be more efficient or if either coin will still even exist in hundreds of years.

Still, it is good to see these projects following the practices layed out by their teams. Hopefully people are still using Dash in 2477!

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Read more about: Dash (DASH)

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