Notice: Function _load_textdomain_just_in_time was called incorrectly. Translation loading for the schema-and-structured-data-for-wp domain was triggered too early. This is usually an indicator for some code in the plugin or theme running too early. Translations should be loaded at the init action or later. Please see Debugging in WordPress for more information. (This message was added in version 6.7.0.) in /home/theurbz4/public_html/wp-includes/functions.php on line 6114
TON validators to determine suspension of inactive miner wallets - The Urban Mine

The Urban Mine

Empowering Las Vegas with E-Waste

TON validators to determine suspension of inactive miner wallets

By adminPosted on Posted in Mining

Ton Blockchain (TON) validators will vote on suspending inactive miner wallets starting Feb.21, 2023, according to a company press release.

There are currently 195 inactive addresses in the TON network, according to the press release. Each has a balance of at least one TON, adding up to a total of 1.08 billion TON — accounting for 21.3% of the total supply.

If the voters agree to deactivate these accounts, these tokens will be suspended for a period of at least four years, preventing the account holders from issuing any transactions.

Inactive addresses

The Toncoin distribution period started in July 2020 and ended in June 2022. Within this period, 98.55% of the total TON supply was available for mining.

The TON Foundation describes inactive wallets as wallets that took part in Toncoin mining, but made no outgoing transactions after June 2022.

Journalist at CryptoSlate

Zeynep is an academic who turned to crypto in 2018. Originating in social sciences, she is especially interested in the social impact of blockchain and cryptocurrencies and strongly believes in their transmuting power.

Disclaimer: Our writers’ opinions are solely their own and do not reflect the opinion of CryptoSlate. None of the information you read on CryptoSlate should be taken as investment advice, nor does CryptoSlate endorse any project that may be mentioned or linked to in this article. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before taking any action related to content within this article. Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.

TON validators to determine suspension of inactive miner wallets
Scroll to top