Vitalik Buterin has written a new proposal that could solve the most basic question of the ethereum network: whether there will be a maximum number of Ether coins that can be created. In a new proposal to improve the Ethereum network, the creator of the cryptocurrency shared his thoughts with developers and users of the software on setting the maximum number of coins at 120,204,432. This is exactly twice as many as were sold during the ICO process in 2014.
This is one of the first times Buterin has directly addressed the platform's monetary policy, a part that has drawn the attention of critics, including investors who doubt the coin's potential.
While Bitcoin protocol rules will never create more than 21 million of these coins, the ether protocol has a more flexible policy. In accordance with the terms of the ICO, up to 18 million coins are allowed to be issued each year, although there have long been rumors that these parameters will be changed after changes are made to the project.
Buterin also believes that the implementation of his idea will “ensure the economic stability” of the platform after the transition to a new algorithm for creating ether (as previously reported, the ethereum network intends to soon abandon the proof-of-work model, which was taken from bitcoin, in favor of an alternative proof-of-stake algorithm ownership).
Buterin believes now is the time to provide clarity on the issue: how will those who use the software needed to confirm transactions be rewarded? But the exact conditions exist so far only at the level of ideas.
According to https://www.coindesk.com
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