Ethereum update: Report: Nearly $2.5 Billion Paid Annually to Ethereum Miners – EHT Issuance Woes Continue – coinness.com
According to a report on TrustNodes, despite waning prices and never-ending scalability debates, mining revenue accounts for about 8.3 per cent ($2.5 billion) of Ethereum’s market cap – which stands at $30 billion at the time of writing.
Prior to Casper, Ethereum did not expect a supply cap larger than 100 million ether. However, the current circulation supply stands at 101.3 million as per data from CoinMarketCap. Reducing this issuance has been suggested by Ethereum developers to keep inflation at bay, or at least, at the same level that Casper released.
About Ethereum
Ethereum is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference.
Author: CoinnessPress
Score: 58
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