RATE Group | Vitalik Buterin Says Ethereum 2.0 Issuance Will Be 2M per Year at Most
87299
post-template-default,single,single-post,postid-87299,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Vitalik Buterin Says Ethereum 2.0 Issuance Will Be 2M per Year at Most

03 May Vitalik Buterin Says Ethereum 2.0 Issuance Will Be 2M per Year at Most

Posted at 05:11h in Cryptocurrency News by

Buterin said that the annual token issuance with Ethereum 2.0 will be reduced to less than half of the current token issuance. There will be other developments like the accurate prediction of the transaction’s optimal fee amount. 

Ethereum co-founder Vitalik Buterin has recently given some important updates for the issuance of ETH 2.0 cryptocurrency. During his latest podcast interview with POV Crypto called “Internet Money”, Buterin spilled-the-beans saying that the issuance of ETH 2.0 shall be reduced to two million a year. This is less than half of the annual token issuance for Ethereum which is 4.7 million a year.

While discussing some developments, Buterin also explained why they decided to move to the Proof-of-Stake protocol with Ethereum 2.0. Speaking about this upgraded consensus mechanism, Buterin said:

“One of the reasons why we’re doing Proof of Stake is because we want to greatly reduce the issuance. So in the specs for ETH 2.0 I think we have put out a…

Source link

Tags:
, , , , , ,