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   1812

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.

MetaMask App to be In Public Beta

The app is synchronized with the cryptowallet in the original browser extension allowing to register new addresses in a moment
24 July 2019   283

The developers of the MetaMask Ethereum wallet wallet have opened the way for everyone to test the beta version of a mobile application available for Android and iOS.

According to the developers, the application is synchronized with the cryptowallet in the initial browser extension. It also allows you to manage crypto-assets, send ETH users and ERC-20 and ERC-721 standard tokens using ENS names (Ethereum Name Service), and interact with decentralized applications (dApps).

In addition, the application supports InstaPay payment channels for instant and free transactions. It also implements Web3 functionality, support for IPFS and various solutions to ensure a high level of security.

The launch of the mobile application MetaMask was announced 9 months ago during the Devcon4 conference in Prague.