Day: May 11, 2022

Annual Teloscoin Reward Halving for 2022 happened

Annual Telos halving has happened for this year 2022 and now new Teloscoins per block have dropped from 17.5 to 8.75 only.

Halving actually happened already 2 days ago, but I waited to make sure it really did since basically Halving shouldn’t happen until June/July. However, since Halving is not based on time, but on block number, it isn’t an exact science, and while the intention has been to have halving happen once a year, blocks might form faster or slower than intended, and in Teloscoin’s case it seems to be happening about 10 percent faster than intended, since last year the halving happened, if I recall right, around June instead of July, and this year instead of basically expected June, it now happened at May.

I guess that next year we can expect halving to happen around the change of March and April.