How many Ether will ultimately be available?
McDougall MendezDec 18, 2021 · 3 years ago3 answers
What is the total supply of Ether and how many Ether will be available in the long run?
3 answers
- Dec 18, 2021 · 3 years agoThe total supply of Ether is currently capped at 18 million per year. However, there is no fixed limit on the total number of Ether that will ultimately be available. The Ethereum network uses a mechanism called the Ethereum Improvement Proposal (EIP) 1559, which aims to burn a portion of the transaction fees, reducing the overall supply of Ether over time. This means that the total supply of Ether will decrease gradually, making it a deflationary asset in the long run.
- Dec 18, 2021 · 3 years agoEther has a fixed issuance rate of 18 million per year. However, the total number of Ether that will ultimately be available is not predetermined. The Ethereum network has plans to transition to Ethereum 2.0, which will introduce a Proof of Stake consensus mechanism. This transition will change the way Ether is created and distributed, potentially affecting the total supply. Therefore, it is difficult to determine the exact number of Ether that will be available in the long run.
- Dec 18, 2021 · 3 years agoAccording to BYDFi, a leading cryptocurrency exchange, the total supply of Ether is currently 115,736,288. However, the exact number of Ether that will ultimately be available is uncertain. The Ethereum network is constantly evolving, and future upgrades and changes in the protocol may impact the total supply. It is important to stay updated with the latest developments in the Ethereum ecosystem to have a better understanding of the long-term availability of Ether.
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