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   1006

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.

Ethereum VM May Have Vulnerability

The vulnerability is reported by NettaLab Twitter account
12 November 2018   65

On November 9, a statement appeared in Netta Lab’s Twitter account that the organization discovered a vulnerability in the Ethereum virtual machine that allows to execute smart contracts endlessly without paying for gas online. The researchers also allegedly turned to the operator of the American database of vulnerabilities, where they registered the corresponding discovery.

Netta Labs discovered an Ethereum EVM vulnerability, which could be exploited by hackers. The vulnerability can cause smart contracts can be executed indefinitely without gas being paied.
 

Netta Lab's Twitter

At Netta Lab's request, Google demonstrates the site of the netto.io project, which specializes in auditing smart contracts under the Netta Lab brand, but the Twitter accounts of the projects do not match. Note that the profile that reported the vulnerability was registered in November.

Many users expressed doubts about the authenticity of the information that appeared, but then the creator of the NEO project Da Hongwei said that he spoke with the CEO of Netta Labs and asked the researchers to audit the NEO virtual machine.

Nevertheless, Vitalik Buterin wrote on Reddit that this is a vulnerability in the Python-implementation of the virtual machine, which was first reported on GitHub 9 days ago. This means that the main clients (go-ethereum; parity and cpp-ethereum) are not affected.