Vitalik Buterin to Propose 120M Cap on Ethereum

According to the the co-creator of Ethereum, this will provide the economic sustainability of the platform 
02 April 2018   814

April 1, Vitalik Buterin published a new proposal to improve the protocol Ethereum (EIP 960), according to which the maximum volume of the ETH proposal can be limited to 120 204 432 ETH.

Accordfing, this number is equivalent to multiplied by two volumes of the ETH, implemented in 2014 during the project's crowdsale.

Thus, Buterin intends to make significant changes in the monetary policy of the platform, whose investment attractiveness has often been criticized by many representatives of the crypto community. So, if the bitcoin offer is strictly limited to only 21 million coins, then the Ethereum protocol rules are arranged in a completely different way - the ETH issue is limited to 18 million coins a year.

According to Buterin, the new proposal is designed to "ensure sustainable economic development" of the platform.

In the longer term, the supply would exponentially approach the max cap and the rewards would exponentially approach zero, so if hypothetically Ethereum stays with proof of work forever, this would halve rewards every 744 days. In reality, however, rewards will decrease greatly with the switch to proof of stake, and fees such as rent (as well as slashed validators) will decrease the ETH supply, so the actual ETH supply will reach some equilibrium below MAX_SUPPLY where rewards and penalties/fees cancel out, and so rewards will always remain at some positive level above zero.
 

Vitalik Buterin

Co-creator, Ethereum

As an alternative, the creator of Ethereum also proposes to consider limiting the emission of ETH to 144 million coins.

Prime Trust to Launch Custody Service for Crypto

CEO claimed his company will be the first to offer custody for any ERC-20 tokens
15 August 2018   161

Prime Trust announced the launch of the cryptocurrency custody service. This is reported by the Coindesk.

It became known that as early as the middle of July, the bitcoin storage service became available to customers, and next week support for Ethereum and ERC-20 tokens will be added.

In cryptographic storages, the access key to the wallet is stored either on a secure device not connected to the network or on paper in a safe.

Recently, information has appeared that several financial market mastodons, including Goldman Sachs, Northern Trust and Intercontinental Exchange, plan to provide custodian services for cryptocurrencies. However, according to Prime Trust head Scott Purcell, they were able to get ahead of the above-mentioned organizations.

They are trillion-dollar Fortune 100 entities, and they are just not going to move that fast. "We had had an engineering breakthrough which now enables us to easily cold-storage any ERC-20 token (along with BTC and ETH, of course).
 

Scott Purcell

CEO, Price Trust

Also, Scott notes that Prime Trust will be the first company to offer any ERC-20 tokens storage services.