Put a Cap on It
Ethereum creator Vitalik Buterin has proposed an answer to one of Ethereum’s more common questions — whether or not the cryptocurrency’s coin supply should ever be capped. In an Ethereum Improvement Proposal (EIP) on April 1st, Buterin wrote:
In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH.
Specifically, Buterin proposes:
I recommend setting MAX_SUPPLY = 120,204,432, or exactly 2x the amount of ETH sold in the original ether sale.
Adopting a maximum supply of ether coins would undoubtedly render Ethereum more attractive to investors.
Despite remaining the second largest cryptocurrency by market capitalization, Ethereum has been plagued by questions regarding …
Read more –> click here all content is copyright Bitcoinist.
Need Bitcoin marketing and PR? Bitcoin PR Buzz has been proudly serving the PR and marketing needs of Bitcoin and digital currency tech start-ups for over 2 years. Get your own professional Bitcoin or cryptocurrency press release CLICK HERE..
Powered by ABITCO.IN
from ABITCO.IN https://ift.tt/2Ed8Xhu
No comments:
Post a Comment
We have received your message and would like to thank you for writing to us, we will reply by email as soon as possible.
Talk to you soon,
[Pakcoin Worker]
[Pakcoin Global]