RATE Group | Another Ethereum Proposal Met with a Wave of Criticism
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Another Ethereum Proposal Met with a Wave of Criticism

23 Jul Another Ethereum Proposal Met with a Wave of Criticism

Posted at 14:54h in Ethereum News by

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Another Ethereum Proposal Met with a Wave of Criticism 101
Source: iStock/rclassenlayouts

There is yet another Ethereum proposal which proved controversial and which divided the community: some of the Ethereum developers are considering an option to finance themselves from the block rewards, while many in the community stand against the idea, arguing about how the rewards can be used and by whom.

Ethereum community members rediscovered an Ethereum Improvement Proposal, EIP-2025, posted twenty-eight days ago. It proposes 0.0055 ETH per block for 3,100,000 blocks (or c. USD 3.6 million at current prices in total), or for 18 months, as a developer block reward for funding Ethereum 1.x (a codename for a comprehensive set of upgrades to the Ethereum mainnet intended for near-term adoption) development.

Eric Conner, a Gnosis, a blockchain startup, product researcher and longtime Ethereum advocate, was apparently the first to tweet about it, finding the idea absurd, and soon making a correction that the EIP has a typo – it’s 0.0055 ETH per…

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