Crypto

Ethereum's supply exceeds 100 million, what does that mean?

According to the TNW report, Ethereum reached a new milestone in the past days and by yesterday the total supply of crypto currency has exceeded 100 million.

Contrary to Bitcoin, which is limited to 21 million, there is no upper limit on the total supply of Ethereum.

Vitalik Buterin, co-founder of Ethereum, predicted that the supply of Ethereum would not exceed 100 million in the foreseeable future.

Buterin realizes that he may be wrong in his estimation, and in April of last month he brought an Ethereum Improvement Proposal (EIP) to limit it to 120 million.

Buterin believes that the economic sustainability of the platform is limited to 120 million

Until now, Buterin has not found a common ground on this proposal.

Total Ether supply is increasing steadily every year. This ratio is approximately 10 percent. The first block of Ethereum entered operation in 2015 with 72 million Ether. To date, 28 million ethers have been added to the network

This increase in the supply of Ethereum concerns the Ethereum community for the same economic reasons as nominal prices: supply-demand.

For several years there have been a number of solutions to the Ethereum supply problem, but none have yet been implemented. Buterin's proposal can be applied when Casere, the proof-of-stake consensus protocol on Ethereum, is put into operation.

The Casper protocol is expected to reduce the existing 10 percent inflation rate in Ethereum to 0.5 to 2 percent.

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