Vitalik Buterin May Hard-Cap Ethereum Supply
Vitalik Buterin, who is the co-founder of Ethereum and Bitcoin Magazine, is deeply in thoughts about limiting the Ethereum coin supply at some point. This is going to be a welcome development that a lot of community members have been asking for.
Even now, Ethereum still does not have a maximum supply of coins. With the inevitable switch to proof-of-stake at some point in the near future, an inflation in ETH won’t cause much trouble, it is anticipated.
Vitalik Buterin himself is seemingly interested in capping the maximum Ethereum supply in the near future.This will resultantly require some major changes in the code which will be brought to effect a little later.
According to the proposal, the supply may need to be capped at 120 million ETH, though this number may still be subject to change in the near future.
It seems such a hard cap will be met quite quickly, by looking at a current Ethereum supply of just over 98.5 million ETH. It would also mean the total supply would be capped at twice the number of tokens sold during the initial sale of Ether. It is quite strange to notice how far this currency has come in the past few years, and how things may evolve in the near future. Thus a hard cap will come with both advantages as well as limitations on this front.
What really matter is if the said proposal should be taken seriously. Most people are still buying it it as an April Fool’s joke. That being said, the topic of introducing an Ethereum hard cap is something the developers may want to explore regardless.
If Ethereum were really to be hard-capped, the turn of events following the same would be interesting to Ethereum ecosystem as well as the other cryptocurrencies. Introducing an ETH hard supply cap seems to be counterproductive in light of what Buterin envisioned when Ethereum was first created.
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