2022 has been an interesting year so far in the crypto space and EGEM is no exception. Read on to find out what has been going on in EGEM since our last update. Community We welcome the many new members to our community this quarter with members on discord and telegram…

Ban of Proof-of-Work On Monday the EU will vote on the bill known as MiCa. The original Bill has been changed recently to include a ban on Proof-of-Work consensus blockchains. This would theoretically outlaw cryptocurrencies such as Bitcoin, Ethereum and EGEM. Satoshi Nakamoto, the anonymous godfather of crypto and creator…

This morning news broke that Anton Nell, contributor to several Decentralized Finances protocols was closing support for multiple projects. The following networks will be affected: http://yearn.fi http://keep3r.network http://multichain.xyz http://chainlist.org http://solidly.exchange http://bribe.crv.finance

As of Block #10,000,001 EGEM will enter ERA 4 out of 6. As EGEM has a targeted block time of 11 seconds, making transactions more than 10% faster than Ethereum this puts block #10,000,001 at an estimated date of 10th March 2022 at 10:50am UTC Entering ERA 4 means that once again EGEM rewards will be reduced by 50% for miners, Quarrynode holders and Dev Fee. The breakdown of minted rewards is below:

Rebranding: Ethergem have rebranded to EGEM — The website https://egem.io has been revamped for cleaner and more professional look. We have integrated a softer color scheme with a smoother logo.