Vitalik Buterin proposed limiting Ethereum's offer to 120 million coins.

in ethereum •  7 years ago 

ETH, Ethereum, butter Witalic

Vitalik Buterin, co-founder of the Ethereum Foundation, proposed limiting the offer of the Ethereum cryptographic currency. He proposed to increase the maximum amount of ETH emissions to 120204432, which is twice the amount sold during crowdsdale time.


As the news came out on April 1, the day of the fool, it could be a joke by Butterin. However, if it is true, then this turn of events must be treated with all seriousness.


According to Buterin, this model guarantees the best economic stability of the platform.


"One of the possibilities, that I thought, was set the emission limit for ETH in a certain number, and then scale all the rewards, therefore, the emission will approach the maximum value and the amount of tariffs will decrease exponentially." Ethereum it stays with the test algorithm to work forever, the reward was halved every 744 days, "said Buterin.


If he said all this not seriously and it was a joke, He dreams quite interesting. So far, the general reaction of the Ethereum community has been positive.


The miners are under greater attention, especially their role in price volatility. In addition, many of the developers are in favor of reducing the remuneration of the miners. Therefore, it is not surprising if this Bouteria message turns out to be genuine.

Authors get paid when people like you upvote their post.
If you enjoyed what you read here, create your account today and start earning FREE STEEM!
Sort Order:  

followed.nice post! please follow me :)

@innofinance ok bro