Cryptocurrency Q&A Does Ethereum have max supply built into the protocol?

Does Ethereum have max supply built into the protocol?

GangnamGlamour GangnamGlamour Mon Jul 01 2024 | 8 answers 1368
I'm curious to know if Ethereum, one of the leading cryptocurrencies, has a maximum supply limit hardcoded into its underlying protocol. As we've seen with other cryptocurrencies like Bitcoin, having a predefined maximum supply can greatly influence market sentiment and price movements. So, does Ethereum have a similar cap on the total number of tokens that can be created, or is it designed to have a more flexible supply model? Understanding this fundamental aspect of Ethereum's economics is crucial for investors and enthusiasts alike. Does Ethereum have max supply built into the protocol?

8 answers

DigitalDukedom DigitalDukedom Wed Jul 03 2024
EIP-1559 introduces a mechanism that burns a portion of the transaction fees paid on the Ethereum network, effectively reducing the overall supply of ETH.

Was this helpful?

108
23
Bianca Bianca Wed Jul 03 2024
However, the issuance of new ETH coins is limited. Each day, a set amount of ETH is released into circulation.

Was this helpful?

63
83
Caterina Caterina Wed Jul 03 2024
Ethereum, a leading cryptocurrency, does not possess a predefined maximum supply.

Was this helpful?

77
36
Isabella Isabella Wed Jul 03 2024
This controlled issuance helps maintain the stability and integrity of the Ethereum network.

Was this helpful?

241
58
Andrea Andrea Wed Jul 03 2024
In contrast to some other digital assets, Ethereum's supply is not capped at a specific number.

Was this helpful?

260
56
Load 5 more related questions

|Topics at Cryptocurrency Q&A

Get the BTCC app to start your crypto journey

Get started today Scan to join our 100M+ users

The World's Leading Crypto Trading Platform

Get my welcome gifts