PANews news on May 31, according to official news, on May 31, 2024, the Ethereum Classic (ETC) network has successfully completed the production reduction ("Fifthening"), and the Block Reward has been reduced from 2.56ETC to 2.048ETC. The Halving took place at a height of 20000001 Block, and the Block was packaged by K1Pool; The last block before the Halving is packed by F2Pool. At present, the Computing Power of the entire ETC network is about 180T, and it has continued to pump steadily by about 50% in the past year.