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New Ether coming online is less than 13,000 for the first time in history.1.8.2 -->

His tweet that has since been deleted read:

“I did not quit social media, I quit Ethereum.I did not work on Polkadot, I never did, I worked on Ethereum.

While the price of Ethereum (ETH) has been on a tear as of late, seeing a near 20% increase in price from $121 to $149 in the past 7 days, some troubling issues for the network and Ethereum Foundation have arisen as well.

Less supply + steady demand = 📈 pic.twitter.com/PCibT7DXdI

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Upon his departure, the core ETH dev announced via Twitter that he will no longer coordinate hard forks, build testnets, or make any contribution to the Ethereum Foundation.

Ethereum Network’s Lowest Daily Block Rewards

First off, on February 17 the Ethereum network recorded its lowest daily block rewards since its launch in 2015.I am no longer coordinating hard-forks, building testnets, or contributing otherwise.I did not hate Ethereum, I loved it.”

Schoedon worked on Ethereum since 2015 and is largely known for his work on the Parity Ethereum client.Usually, it’s between 20k to 30k a day but has been declining lately due to the delay of #ConstantinopleHardFork.[Facts Blockchain On Essential]

Commenting on this drop in block rewards was eToro’s Mati Greenspan, who attributed the declining block rewards to the delay of the Constantinople upgrade, which had been scheduled for January 16.For the first time ever, the reward dropped to 12,989.34375 ETH as the total supply reached 104.93 million ETH.However, the drop in block rewards isn’t all bad, as Greenspan points out it decreases supply and increases demand for ETH.

(adsbygoogle = window.adsbygoogle || []).push({}); .I did not go dark, I just left the community.This drop has reflected on the hash rate, indicating there are fewer miners securing the network.[Bitcoin NYSE Bitwise To ETF Review SEC Proposal Arca]<1.8.2 -->

— Mati Greenspan (@MatiGreenspan) February 19, 2019

Core Ethereum Developer Quits

The second piece of troubling news is the departure of Afri Schoedon, a core Ethereum developer who announced he will no longer be working on Ethereum on February 19. Schoedon’s sudden departure comes just 1 week before the scheduled Constantinople hard fork upgrade on February 28.

Greenspan shared these thoughts via Twitter:

This is the chart that kind of started this whole rally.[To App Sign Up Zebpay Easy Update Bonus VersionWelcome New]
Source: https://blog.cryptoassethome.com/top-eth-dev-quits-lowest-daily-block-rewards-ever/

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