What is the Total Supply of Ethereum?256

Ethereum is a decentralized blockchain platform that runs smart contracts: applications that run exactly as programmed without any possibility of fraud or third-party interference.

ETH is the native cryptocurrency of the Ethereum blockchain. It is used to pay for transaction fees and to incentivize miners to add new blocks to the blockchain.

How Many ETH Are There in Circulation?

As of January 1, 2023, there are approximately 122,373,863 ETH in circulation. This number is constantly changing, as new ETH are created through mining and some ETH are lost or destroyed.

What is the Maximum Supply of ETH?

There is no maximum supply of ETH. However, the issuance of new ETH is capped at 18 million ETH per year. This means that the total supply of ETH will continue to increase over time, but at a decreasing rate.

Why is There No Maximum Supply of ETH?

There are a few reasons why there is no maximum supply of ETH.
First, Ethereum is a proof-of-work blockchain. This means that miners are rewarded for adding new blocks to the blockchain. If there were a maximum supply of ETH, then miners would have no incentive to continue mining.
Second, Ethereum is a constantly evolving platform. The Ethereum Foundation is constantly making changes to the protocol, and these changes may require additional ETH to be issued.
Finally, Ethereum is a global currency. As the demand for ETH increases, the value of ETH will increase. This will make it more difficult for new users to acquire ETH, and a maximum supply of ETH would only exacerbate this problem.

Conclusion

There is no maximum supply of ETH. This is because Ethereum is a proof-of-work blockchain, a constantly evolving platform, and a global currency. The total supply of ETH will continue to increase over time, but at a decreasing rate.

2024-10-24

Previous：Wrapped Bitcoin (WBTC) vs. RenBTC: Understanding the Differences

Next：Leo Coin Scam: Uncovering the Truth Behind the Cryptocurrency Ponzi Scheme