CryptoCoinsInfoClub.com

Total Number Of Ethereum Possible

Ether Sets A New Daily Transactions Record

Ether Sets A New Daily Transactions Record

Ether Sets a New Daily Transactions Record There have been few dull moments in the cryptocurrency space so far in 2017. This year we've witnessed rising prices, surging market capitalizations, new alliances and the growing trend of initial coin offerings (ICOs). Launched in 2015, Ethereum is a decentralized software platform that enables SmartContracts and Distributed Applications (Apps) to be built and run without any downtime, fraud, control or interference from a third party. It is not just a platform, but also a programming language (Turing complete) running on a blockchain, helping developers to build and publish distributed applications. The potential uses of Ethereum are numerous. (See also: Are There SEC Guidelines on ICOs? ) Some of the most popular projects doing ICOs in recent times are being built on Ethereum.The crypto-fuel Etherhas risen from about $8 at the beginning of 2017 to $300 levels. It touched an all-time high in June, crossing $400. VitalikButerin, the co-founder ofEthereum, tweeted on August 15that ETH dailytransactions touched an all-time high. According to BitInfoCharts, thenumber of ETH transactions in the last 24 hourswas 414,054. Ethers total daily transactions was just 43,000 at the start of 2017which means the number of transactions per dayisalmost ten times what it used to be. The number of Bitcoin daily transactions is 274,736. Bitcoin daily transactions peaked around the 368,000-370,000levels in May this year, and Ethers daily transactions have crossed those of bitcoin by a neat margin. The transactions with Bitcoin Cash (BCH) were 135,552, while those withEthereum classic (ETC) were 33,456. ComparingBitcoin and Ether is almost unavoidable, even though they differ in purpose. While Bitcoin is created as an alternative to regular money Continue reading >>

Ethereum Creator Vitalik Buterin Proposes Maximum Ether Supply

Ethereum Creator Vitalik Buterin Proposes Maximum Ether Supply

Ethereum Creator Vitalik Buterin Proposes Maximum Ether Supply Vitalik Buterin has largely been uninvolved in the monetary policy of the cryptocurrency he created. However, Ethereums creator has written a proposal, in which he suggests capping the supply of ether (ETH). Ethereum creator Vitalik Buterin has proposed an answer to one of Ethereums more common questions whether or not the cryptocurrencys coin supply should ever be capped. In an Ethereum Improvement Proposal (EIP) on April 1st, Buterin wrote: In order to ensure the economic sustainability of the platform under the widest possible variety of circumstances, and in light of the fact that issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH. I recommend setting MAX_SUPPLY = 120,204,432, or exactly 2x the amount of ETH sold in the original ether sale. Adopting a maximum supply of ether coins would undoubtedly render Ethereum more attractive to investors. Despite remaining the second largest cryptocurrency by market capitalization, Ethereum has been plagued by questions regarding its long-term investment value. Adding an element of scarcity as is present in Bitcoin could help put some of those fears to rest. Of course, changes to Ethereum happen slowly. As such, Buterin also noted: If for some reason this EIP is adopted at a point where it is too late to set a max cap at 120 million, it is also possible to set a higher max cap. I would recommend 144,052,828 ETH, or exactly 2x the total amount released in the genesis block including both the sale and premines. Adding a bit of clarity to Ethereum with a maximum coin supply would be greatly welcome Continue reading >>

How Ethereum Became The Platform Of Choice For Icod Digital Assets

How Ethereum Became The Platform Of Choice For Icod Digital Assets

How Ethereum became the platform of choice for ICOd digital assets Jason Rowley is a venture capital and technology reporter for Crunchbase News . For most of the history of blockchain-based currencies and assets, the story has been all about Bitcoin. At a market capitalization of around $40 billion, it remains the most valuable cryptocurrency . But with the rise of a new chain on the ahem block, namely Ethereum , and new ways to fund the development of new crypto-platforms with ICOs, the narrative is shifting somewhat to the entire cryptographic asset class . Today, lets take a more in-depth look at some of the historical trends in the digital currency space, paying close attention to Ethereum and its role as the platform of choice for new cryptographic assets. The number of new digital assets is on the rise In roughly the past 12 months, the number of cryptocurrencies listed on CoinMarketCap.com , a main reference site for digital asset developers and speculators alike, has increased significantly. Below is a chart compiled from the count of cryptocurrencies listed on historic snapshots of the sites main table starting with the first snapshot on April 28, 2013 (featuring a whopping seven cryptocurrencies) and the most recent snapshot from June 4, 2017 . As of the June 4 snapshot, there were 809 cryptocurrencies and other digital assets listed on the main CoinMarketCap page. As ofMonday, June 5, 2017, at around 6:00 PM Central time, there were 857 cryptocurrencies and assets listed on the site. Between January 3, 2016 the first snapshot of 2016 and June 5, 2017, the number of cryptographic assets listed on CoinMarketCap grew from 551 to 857, an increase of about 56 percent in almost exactly 18 months. As the chart shows, the pace of growth in the number of crypto-back Continue reading >>

Ethereum (eth) Co-founder Provides Answer To Long-lived Supply Limit Question

Ethereum (eth) Co-founder Provides Answer To Long-lived Supply Limit Question

Ethereum (ETH) Co-Founder Provides Answer To Long-Lived Supply Limit Question Facebook Twitter Google+ LinkedIn Reddit WhatsApp Telegram Share via Email Since Ethereum (ETH) is an all-time immediate follower of Bitcoin, people are fond of making sundry of comparisons and disparities between the two, with the perspective that no other coin is more of a competitor to Bitcoin than Ethereum. Even though Ethereum blockchain was created in the year 2015, 6 years after the invention of Bitcoin (crypto father), all other coins created after the rookie were still not able to take the second position from Ethereum, therefore, Ethereum is truly the closest altcoin to compare with Bitcoin in spite of the fact that they were both created with the principle of distributed ledgers and cryptography. Amongst the features, which initiated the comparison of both altcoins from people are the programing language used, transaction speed, and purpose of creation, among others. One important attribute of the altcoin that should not be left unmentioned and has over time been the talk of the town is the limit of each altcoins total supply. Since Ethereum is yet to announced the total coin to be available in circulation, different questions, suggestions, and conclusions have been awakened on whether the cryptocurrency has or will have supply limit. While the matter has created incision for the altcoin, its counterpart, Bitcoin was from inception created with a limited supply of 21 million Bitcoins. Based on this fact, investor and some users are of the opinion that Bitcoin is a more viable altcoin to invest in. The owner and co-founder of Ethreeum, Vitalik Buterin on Sunday, April 1, 2018, in an authorized Ethereum Improvement Proposal (EIP), aired the newly proposed supply limit for the blockch Continue reading >>

Ethereum - Wikipedia

Ethereum - Wikipedia

This article has multiple issues. Please help improve it or discuss these issues on the talk page . This article relies too much on references to primary sources . Please improve this by adding secondary or tertiary sources . Some of this article's listed sources may not be reliable . Please help this article by looking for better, more reliable sources. Unreliable citations may be challenged or deleted. The Ethereum Project's logo, first used in 2014 Ethereum is an open-source , public, blockchain -based distributed computing platform featuring smart contract (scripting) functionality. [2] It provides a decentralized Turing-complete virtual machine , the Ethereum Virtual Machine (EVM), which can execute scripts using an international network of public nodes. Ethereum also provides a cryptocurrency token called "ether", which can be transferred between accounts and used to compensate participant nodes for computations performed. [3] "Gas", an internal transaction pricing mechanism, is used to mitigate spam and allocate resources on the network. [2] [4] Ethereum was proposed in late 2013 by Vitalik Buterin , a cryptocurrency researcher and programmer. Development was funded by an online crowdsale between July and August 2014. [5] The system went live on 30 July 2015, with 11.9 million coins "premined" for the crowdsale. [6] This accounts for approximately 13 percent of the total circulating supply. In 2016, as a result of the collapse of The DAO project, Ethereum was forked into two separate blockchains - the new forked version became Ethereum (ETH), and the original continued as Ethereum Classic (ETC). [7] [8] [9] Ethereum was initially described in a white paper by Vitalik Buterin , [10] a programmer involved with Bitcoin Magazine , in late 2013 with a goal of buildin Continue reading >>

Looking For Confirmation Of Total Eth That Can Be Created : Ethereum

Looking For Confirmation Of Total Eth That Can Be Created : Ethereum

Welcome to r/Ethereum , the front page of the Web 3. No inappropriate behavior. This includes, but is not limited to: personal attacks, threats of violence, gossip, slurs of any kind, posting people's private information. Keep price discussion and market talk, memes & exchanges to subreddits such as /r/ethtrader Keep plain ICO advertisements to subreddits such as r/ethinvestor . Keep mining discussion to subreddits such as /r/EtherMining . No creating multiple accounts to get around Reddit rules. English language only. Please provide accurate translations where appropriate. Posts and comments must be made from an account at least 10 days old with a minimum of 20 comment karma. Exceptions may be made on a discretionary basis. Continue reading >>

Ethereum Founder Proposes Hard Cap On Eth Supply

Ethereum Founder Proposes Hard Cap On Eth Supply

Ethereum Founder Proposes Hard Cap on ETH Supply 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 Ethers supply at 120,204,432. The proposal puts to rest a long-time question posed for the Ethereum foundation : What is the total supply of ether? After its launch in 2014, there has yet not been any official announcement on this topic, but the foundation has historically maintained that this would change as the fundamental design of the project is changed. And after four years in the making, the Ethereum now has a much clearer direction which allows for such a discussion to take place. For the years preceding 2018, Ethereums issuance terms dictated a total of 18 Million ether released each year. This feature is unlike bitcoin , of which there shall never be more than 21 Million units in the world. In the proposal dated April 1, 2018, Buterin noted the projects economic sustainability had to cover the widest possible variety of circumstances. Issuing new coins to proof of work miners is no longer an effective way of promoting an egalitarian coin distribution or any other significant policy goal, I propose that we agree on a hard cap for the total quantity of ETH. Simply put, the network rewards miners and node developers to ensure the network keeps on operating and supporting Ethereums vision. However, with no hard cap, the rewards to miners would have decreased year on year, and it would prove to be less motivating for people who lend computing resources to continue working for the networks benefit. As for the number of coins, Buterin recomme Continue reading >>

Is There A Limit To The Supply Of Ethereum?

Is There A Limit To The Supply Of Ethereum?

Is there a limit to the supply of Ethereum? Quote from Vitalik Buterin, Ethereum Foundation: So here is a thought. Currently, because of the PoW ice age, the block time is scheduled to start increasing in mid-2017, and past around 2019 the increase is going to grow exponentially. The mining reward does NOT increase proportionately. Hence, there is already an exponential slowdown in the growth of the ETH supply built into the protocol; my script shows: Block 3000000, approx ETH supply 87962556, time '2017-01-16 00:38:33.067775' blocktime 14.86 Block 3500000, approx ETH supply 90612556, time '2017-04-11 18:09:34.273529' blocktime 15.27 Block 4000000, approx ETH supply 93262556, time '2017-08-15 18:20:24.642729' blocktime 30.01 Block 4500000, approx ETH supply 95912556, time '2018-11-03 05:55:48.912370' blocktime 136.71 Block 5000000, approx ETH supply 98562556, time '2025-10-02 11:47:30.658317' blocktime 835.81 Block 5500000, approx ETH supply 101212556, time '2128-03-20 09:14:16.483692' blocktime 17183.83 Block 6000000, approx ETH supply 103862556, time '5189-09-26 20:57:59.367004' blocktime 520901.19 Hence, in the foreseeable future, the supply will not go far above 100 million. Ice age is a term used to describe the difficulty increase in the network(also called difficulty bomb). With time the mining difficulty increases exponentially and will bring the network to a halt. The idea behind this is to motivate the developers to move to Proof of Stake and give them a time limit to implement the new protocol before the network stops. Slower network = longer block times = less ETH rewards Continue reading >>

How Many Bitcoins Are Left?

How Many Bitcoins Are Left?

There are 21 million Bitcoins total of which almost 17 million are in circulation. There are a little over 4 million bitcoins left that are not in circulation yet. What determines how many bitcoins are left? The Bitcoin source code determines how many bitcoins are left. The remaining Bitcoins not in circulation are released to miners as a reward for maintaining the integrity of the network. There are currently close to 4.3 million Bitcoins left that arent in circulation yet. With only 21 million Bitcoins that will ever exist, this means that there are about 16.7 million Bitcoins currently available. Out of those 16.7 million, its estimated that 30% of those may be lost forever as a result of things like hard drive crashes and misplaced private keys. What determines how many Bitcoins are left? The remaining Bitcoins not in circulation are in a pool dedicated to rewarding miners for maintaining the integrity of the network. As miners validate transactions and create new blocks, they receive the remaining Bitcoins from this pool as a reward. The Bitcoin source code outlines how the mining rewards should be distributed and when these distributions occur. The reward for mining each block started at 50 Bitcoins and has since halved twice. The current reward sits at 12.5 Bitcoins per block. The mining reward halving occurs every 210,000 blocks. With blocks taking about 10 minutes on average to mine, halvings occur about every 4 years. After 64 total halvings, there will be no more Bitcoins left to reward miners and all 21 million Bitcoins will be in circulation. This will occur sometime in 2140. You may be wondering, Without block rewards, what incentive do miners have to validate transactions? Miners receive more than just the block rewards when they create new blocks. They Continue reading >>

Ethereum (eth) - Price, Chart, Info | Cryptoslate

Ethereum (eth) - Price, Chart, Info | Cryptoslate

Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference. The Top 5 Crypto Stories Delivered Weekly This email address is already subscribed to our newsletter. Thank you for subscribing to our newsletter! Your email address will NEVER be shared, rented or sold and you can unsubscribe at any time. Disclaimer: CryptoSlate has no affiliation or relationship with any coin, business, project or event unless explicitly stated otherwise. CryptoSlate is only an informational website that provides news about coins, ICOs and events. None of the information you read on CryptoSlate should be taken as investment advice. Buying and trading cryptocurrencies should be considered a high-risk activity. Please do your own due diligence before making any investment decisions. CryptoSlate is not accountable, directly or indirectly, for any damage or loss incurred, alleged or otherwise, in connection to the use or reliance of any content you read on the site. By using this website, you agree to our Terms and Conditions , updated to better reflect applicable data privacy requirements, including the EUs General Data Protection Regulation (GDPR). Sorry, but the page you requested is not available to U.S. traffic. Please contact us if you have any questions. Your message has been sent. We will get back to you as soon as possible. In the meantime, please connect with us on social media. Our mission is to educate our readers on how to identify fraudulent ICO projects and encouraging projects themselves to be more transparent in their marketing and presentation. We are committed to only listing legitimate ICO projects. We perform an initial safety check on every ICO Continue reading >>

What Is Ether?

What Is Ether?

Ether is a necessary element a fuel for operating the distributed application platform Ethereum. It is a form of payment made by the clients of the platform to the machines executing the requested operations. To put it another way, ether is the incentive ensuring that developers write quality applications (wasteful code costs more), and that the network remains healthy (people are compensated for their contributed resources). If you just want to test the technology, you probably don't need real ether. Download the latest Wallet app and switch to the Test Network Check your ether presale balance safely here: The total supply of ether and its rate of issuance was decided by the donations gathered on the 2014 presale. The results were roughly: 60 million ether created to contributors of the presale 12 Million (20% of the above) were created to the development fund, most of it going to early contributors and developers and the remaining to the Ethereum Foundation 5 ethers are created every block (roughly 15 seconds) to the miner of the block 2-3 ethers are sometimes sent to another miner if they were also able to find a solution but his block wasn't included (called uncle/aunt reward) Note that after the Byzantium update is implemented, the mining and uncle reward is reduced to 3 ethers and 0.625-2.625 ethers, respectively. No. According to the terms agreed by all parties on the 2014 presale, issuance of ether is capped at 18 million ether per year (this number equals 25% of the initial supply). This means that while the absolute issuance is fixed, the relative inflation is decreased every year. In theory if this issuance was kept indefinitely then at some point the rate of new tokens created every year would reach the average amount lost yearly (by misuse, accidental key Continue reading >>

Mining - What Is The Total Supply Of Ether? - Ethereum Stack Exchange

Mining - What Is The Total Supply Of Ether? - Ethereum Stack Exchange

In Bitcoin, the total supply is capped at 21 million BTC. Is the total supply of Ether capped? How much will be mined before the Proof of Stake (POS) transition, and how will POS affect the issuance model? I'm not sure anyone really knows the answer, as it hasn't been decided, AFAIK. Tjaden Hess Jan 25 '16 at 20:42 Thanks. Was afraid of that. Hope that gets decided soon - would vastly prefer a fixed money supply at time of Proof of Stake with mining paid for by transaction fees only. Matthew Light Jan 25 '16 at 21:02 To clarify, homestead and PoS start are not necessarily the same milestone. Makes things a little close, but in my mind that means these are not the same question. Jeff Coleman Jan 26 '16 at 5:39 60 million + 12 million + 18million = ~90million60 million - is the Pre-sale.12 million - is the dev fund, 0.2coins per 1 coin sold in the crowdsale.~18 million - 1 million coins mined per month for 18 months prior to going from POW to POS. Update #1: 91,018,773.78 (April 25, 2017). After a while, 15,626,576 ether won't represent much of the total ether available, making the system dis-inflationary (i.e., inflation perpetually trending towards 0 but never reaching it). is there inflation after all coins are mined? Patoshi Feb 2 '16 at 20:55 @duckx i dont think, because the value will be high and it will keep increasing hopefully niksmac Feb 3 '16 at 2:34 @NikhilM we've seen this story before: if it doesn't take much Ether to actually create a contract then absent other drivers for demand the value will plummet. The rallies are driven purely by the low float, which is great for perception, but one must look at the risk factors for both the economics and their associated investment. Cryptocurrencies make this difficult due to the need to own them as an asset thereby Continue reading >>

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens

Ethereum Price Can Reach $2,000 If This Happens When Ether reaches a price of $2,000, we are looking at a market capitalization of around $188 bln. When Ether reaches a price of $2,000 , we are looking at a market capitalization of around $188 bln. Although this is significantly higher than today, an eight-time increase, it is still relatively small if we compare it to the market capitalization of a company like Facebook, $492 bln. Cointelegraph attempts to analyze what events need to occur in order for Ether to break this mark . Currently, the Ethereum network is limited to around 20 transactions per second. This is twice as much as Bitcoin can handle. However, if we are looking at a future where Ethereum is used as a daily form of payment , this isnt enough. The Raiden Network is aiming to solve this problem. Its developers are building an off-chain solution for Ethereum payments which scales linearly with the number of participants. The network could in the future handle over 1,000,000 transactions per second. Additionally, it will allow decreasing transaction cost by seven orders of magnitude, making true micro-transactions on Ethereum a reality. Ether becomes easier to acquire and spend So far there are around 60 active cryptocurrency exchanges. This number is growing every single month as digital assets become more and more attractive. However, the average American is not comfortable with buy and sell limits and trading charts. Therefore, new alternatives need to arise that allow the crowd to acquire Ether. Companies like Dether are working on platforms that allow interested parties to purchase Ether directly with cash. This is definitely a big step in the right direction. At the time Im writing this article, the market capitalization of all cryptocurrencies comb Continue reading >>

Ethereum Classic Sets Limit On Total Etc Mined

Ethereum Classic Sets Limit On Total Etc Mined

Ethereum Classic sets limit on Total ETC Mined Ethereum Classic sets limit on Total ETC Mined 10 months ago Crypto News Comments Off on Ethereum Classic sets limit on Total ETC Mined A recent postCarlo Vicari,community management at IOHK confirms support on setting a limit on the total Ethereum Classic Mined. The initial reduction is set to take place by the end of the year in December. This could be great news for early ethereum classic investors as the new hard limit will be 210-230 Million ETC coins. With almost 90 million ETC coins in circulation now, we are already near having 50% of the total supply mined. Below is an excerpt from IOHKs Post: We understand that a monetary policy has been proposed that establishes an upper bound on the total number of ETC that will ever be issued, and that this policy was the result of extensive discussions within the community. The policy also defines a method of reducing the block reward over time. It is available in English here and in Chinese here. The new monetary policy sets a limit for the total ETC issuance. The block reward will be reduced by 20% at block number 5,000,000, and another 20% every 5,000,000 blocks thereafter. Uncle block rewards will also be reduced. Due to variations in the reward rate of ETC, we anticipate the total supply to be approximately 210 million ETC, not to exceed 230 million ETC. We will continue to work with the Ethereum Classic protocol development community to develop, in public, a safe hard fork procedure based on the proposed monetary policy. ETCDEV Team will provide an implementation of the monetary policy for both the geth and parity clients after the hard fork procedure is agreed upon. We will run consensus systems that are compatible with Ethereum Classic clients, which will eventually c Continue reading >>

What Is The Total Supply Of Ethereum?

What Is The Total Supply Of Ethereum?

but don't see total supply for Ethereum. Im guessing it is 40-50 million correct? Or how is it possible for Ether to reach nearly $300 each with inflation problem? 12+ exclusive games The Bitcoin Casino by Primedice Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here. There are curently 92mil tokens. ~10 mil tokens are mined each year. But in ~1 year ethereum will move from POW to POS, with ~1% inflation instead of ~10% now. Which means, ethereum will have about 100mil tokens before POS, and ~120mil tokens in 2038. but don't see total supply for Ethereum. Im guessing it is 40-50 million correct? Or how is it possible for Ether to reach nearly $300 each with inflation problem? There isn't any. ETH is not (won't be) different a FIAT currency with a %1/year interest rate. but don't see total supply for Ethereum. Im guessing it is 40-50 million correct? Or how is it possible for Ether to reach nearly $300 each with inflation problem? it's written there a bit more than 92M is the market cap, i can't see a big infaltion, that is only 4-5x the one of bitcoin and about the same as litecoin, it should held a good value anyway if there is enough buy support We will come back to this figure if it has changed, your marked as a known fraud. The Original story when ICO happened, is this still in legal framework? 60 million + 12 million + 18million = ~ 90 million 12 million - is the dev fund, 0.2coins per 1 coin sold in the crowdsale. ~18 million - 1 million coins mined per month for 18 months prior to going from POW to POS. Continue reading >>

More in ethereum