Blog: ETC and Bitcoin Have the Fifthening and the Halving in 2024

You can listen to or watch this video here: What is the Fifthening in ETC? Ethereum Classic’s monetary policy has a rule that every 5,000,000 blocks it will reduce the mining reward by 20%. This is called the fifthening because it is a 1/5 cut in the issuance of the coin. The mining reward is the amount of ETC that is issued to pay for miners to produce blocks for the network. In ETC, a block is…