: <a href="/quickstart/#quickstart-testnet">Steem Testnet</a></p>

<h3 id="steem_inflation_narrowing_period"><code class="highlighter-rouge">STEEM_INFLATION_NARROWING_PERIOD</code><a style="float: right" href="#sections"><i class="fas fa-chevron-up fa-sm"></i></a></h3>

<p>Inflation narrows 0.01% every 250k blocks, since HF16.  At block 7,000,000, there was a 9.5% instantaneous inflation rate, decreasing to 0.95% at this rate of 0.01% every 250k blocks.  This narrowing will take approximately 20.5 years and