Since it's changed a lot can someone please give the current ETH emission rates? How much exists, how much will exist, is there a current limit, etc. It has been confusing to understand. I'd appreciate it if someone would break it down for me. Thank you.
Yes, it has changed a lot. At the beginning, the supply was supposed to be limitless but then devs have decided for a hard cap with the introduction of POS. There will be at the end between 90 and 100 million with a very, very small yearly inflation of about 1%, if I am not mistaking about the inflation part.
Links are online, mostly on Ethereum blog. I don't have time at the moment to dig through and post the links. Maybe somebody will do this instead of me!
Thanks. How many ETH currently exist approximately?
OK, some basic information, Ethereum is a good bit different than what you are used to with Bitcoin and its copy cats, this get most Crypto enthusiast/investors that are used to Bitcoin a little confused, you have to forget about most of what you already learned about Bitcoin when dealing with Ethereum:
- Ethereum similarly uses PoW, soon it will be PoS but don't worry take it a step at a time and you will get it all, it also uses its own hashing algorithm, The block reward is 5 ETH and blocks are generated in average of 17 seconds...
you can check network live stats here. - There is around 76.5 Million ETH,
60,102,216 were sold in its known IPO.
you can check market cap stats here.- Ethereum also relies on nodes for verifying its contracts/transactions.
you can check node stats here.- Ethereum network (not only price) is growing at a crazy rate,
you can check stats here.Will Ethereum face the same problem of scalability like Bitcoin ? I was reading the white paper and came across this:
"Ethereum is likely to suffer a similar growth pattern, worsened by the fact that there will be many applications on top of the Ethereum blockchain instead of just a currency as is the case with Bitcoin, but ameliorated by the fact that Ethereum full nodes need to store just the state instead of the entire blockchain history"
Ethereum code is really huge, I didn't have time to study it my self so I went to the Gitter channel of Ethereum devs and I asked this :
Every investment has its risk factors, but the point is that Ethereum unlike Bitcoin is not only a currency, it is a whole platform that you can build anything on, it was created with its own language to make smart contracts, ETH the currency is the "fuel" you need for anything to do on the netwrok, in the other hand Bitcoin for now can do only one thing, it has only one application which is "digital cash".