How much ethereum is left to mine?


by kay.wiza , in category: Cryptocurrencies , a year ago

How much ethereum is left to mine?

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1 answer

by london_lueilwitz , a year ago


As of now, there is no definitive answer to how much Ethereum is left to mine. This is because Ethereum does not have a fixed supply like Bitcoin, which has a maximum supply of 21 million coins. Instead, Ethereum's supply is determined by its monetary policy, which currently allows for the creation of new coins through a process called "mining."

However, Ethereum 2.0, an upgrade to the Ethereum network, is expected to be implemented in the future, which will transition Ethereum from a proof-of-work (PoW) consensus algorithm to a proof-of-stake (PoS) consensus algorithm. This transition will change the way new Ethereum coins are created. Instead of mining, Ethereum holders will be able to lock up their coins as collateral to validate blocks and earn rewards. This change will significantly reduce the inflation rate of Ethereum and potentially limit its overall supply.

Therefore, it is challenging to determine exactly how much Ethereum is left to mine due to the changing nature of its protocol and supply issuance.