Current ethereum block reward

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You should understand the basic concepts of Ethereum so you can make sense of the data that a block explorer gives you. Start with an intro to Ethereum. Ethereum is transparent by design so everything is verifiable. Block explorers provide an interface for getting this information. And this is for both the main Ethereum network and the testnets, should you need that data.

Blocks contain a lot of important data that you may find useful:. Uncle blocks are created when two miners create blocks at near-enough the same time — only one block can be validated across the nodes. They are not included but still receive a reward for the work.

Block explorers provide information about uncle blocks like:. This will help you understand network usage, submit safe transactions and not overspend on gas. Gas-specific data covers:. Block explorers have become a common place for people to track the progress of their transactions. Transaction data includes:. There are also some solutions being developed to make transactions and account activity more private.

Smart contract accounts have all the data that a user account will have, but some block explorers will even display some code information too. Examples include:. But because they have value and can be traded they have additional data points:. When Ethereum transitions to Eth2 some of this data will be redundant.

In fact, all of this data is available right now for the testnets. The first Eth2 upgrade, the beacon chain, will create committees of validators which are randomised at the end of every epoch every 6. Epoch data includes:. Slots are opportunities for block creation, the data available for each slot includes:. In Eth2 blocks work differently because miners are replaced by validators and the beacon chain introduces slots and epochs to Ethereum.

Blocks are batches of transactions with a hash of the previous block in the chain. This links blocks together in a chain because hashes are cryptographically derived from the block data. This prevents fraud, because one change in any block in history would invalidate all the following blocks as all subsequent hashes would change and everyone running the blockchain would notice. Blocks are a very beginner-friendly topic. But to help you better understand this page, we recommend you first read Accounts , Transactions , and our introduction to Ethereum.

To ensure that all participants on the Ethereum network maintain a synchronized state and agree on the precise history of transactions, we batch transactions into blocks. This means dozens or hundreds of transactions are committed, agreed on, and synchronized on all at once. Diagram adapted from Ethereum EVM illustrated. By spacing out commits, we give all network participants enough time to come to consensus: even though transaction requests occur dozens of times per second, blocks on Ethereum are committed approximately once every fifteen seconds.

To preserve the transaction history, blocks are strictly ordered every new block created contains a reference to its parent block , and transactions within blocks are strictly ordered as well. Except in rare cases, at any given time, all participants on the network are in agreement on the exact number and history of blocks, and are working to batch the current live transaction requests into the next block.

Once a block is put together mined by some miner on the network, it is propagated to the rest of the network; all nodes add this block to the end of their blockchain, and mining continues. Proof-of-work means the following:. More on mining. Block time refers to the time it takes to mine a new block.

In Ethereum, the average block time is between 12 to 14 seconds and is evaluated after each block. The average block time gets compared with the expected block time, and if the average block time is higher, then the difficulty is decreased in the block header. If the average block time is smaller, then the difficulty in the block header will be increased.

A final important note is that blocks themselves are bounded in size.

Block reward ethereum current what does ltc stand for

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