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Tag: Ether supply
Community Reacts to Vitalik’s April Fools Prank: Fixed Supply EIP (EIP 960) Rejected
Category: Altcoins, Blockchain, Commentary, Ethereum, Finance, News
Vitalik Buterin has sent out an April fools prank this year that left the community with some concerns. While his prank consisted of a new fixed supply proposal for Ethereum, called Fixed Supply EIP 960, he later tweeted that whether it was a joke or not, he argued if the community wanted to adopt a new fixed supply implementation then…
Ethereum Founder Proposes Hard Cap on ETH Supply
Category: Commentary, Ethereum, Finance, News, Tech
m, EtIn a post authored on GitHub, Ethereum founder Vitalik Buterin proposed a fixed supply cap on the total number of ether (ETH). Called the Ethereum improvement proposal (EIP), developers and software users were also asked their opinions about this proposal, which would cap Ether’s supply at 120,204,432. Hard Cap to a Hard Question The proposal puts to rest a…
As Ethereum ‘Ice Age’ Approaches Community Votes on Mining Reward Cut
Category: Blockchain, Ethereum, News
The Ethereum blockchain currently uses a Proof-of-Work consensus mechanism to verify transactions and to produce new ether coins. That means that ether miners require large amounts of computational power to process and verify transactions to receive new coins. Running a blockchain using a Proof-of-Work consensus mechanism, however, creates the problem of scalability as can currently be witnessed by the Bitcoin…
