Cryptocurrency Q&A
Is there a finite amount of Ethereum?
Is there a finite amount of Ethereum?
Giulia
Tue Jul 30 2024
|
7 answers
1371
I'm curious, could you please explain if there's a set limit to the total amount of Ethereum that can be created and circulated in the market? Understanding the scarcity aspect of this cryptocurrency is crucial for investors like myself to assess its potential value and long-term prospects. Does Ethereum, like Bitcoin, have a predefined cap on its supply, or is its issuance mechanism more flexible and subject to change over time?
7 answers
ethan_carter_engineer
Thu Aug 01 2024
However, this does not mean that an unlimited amount of ETH is being issued every day. In reality, the rate of ETH issuance is carefully controlled and limited.
Was this helpful?
380
28
CryptoPioneer
Thu Aug 01 2024
Ethereum's issuance rate is determined by a process called mining, where miners are rewarded with ETH for verifying transactions on the blockchain.
Was this helpful?
228
83
CryptoKnight
Thu Aug 01 2024
The amount of ETH issued per day is designed to decrease over time, in a process known as "halving." This helps to control inflation and ensure that the supply of ETH remains stable.
Was this helpful?
52
96
Lucia
Thu Aug 01 2024
The question of whether there is a maximum supply of Ethereum is a common one in the cryptocurrency space.
Was this helpful?
220
22
Martina
Thu Aug 01 2024
The answer is no, Ethereum does not have a maximum supply. This means that theoretically, an infinite amount of ETH could be created.
Was this helpful?
227
43
Load 5 more related questions
