Incognito's 1st Blocktime reduction

Hello Incognito community,

In the next release, we reduce Incognito blocktime from 40 seconds to 20 seconds. As a result, the waiting time for all Incognito features will be reduced, without affecting the flow. However, there are some points that need to be noticed:

  • Block time is 20s, so every flow (trade, transfer, shield, unshield in Incognito side) time is decreased by half.

  • Block per epoch is still 350, so 1 epoch takes around 2 hours, instead of 4 hours.

  • The reward per epoch is reduced by half. But do not worry, the number of times node in committee is double (in 1 month or year period), therefore APY will remain the same.

Hope that you would have a better experience with Incognito Chain once the improvement is released.

Thank you!