Cryptocurrency Q&A
Is there a maximum amount of Ethereum?
Is there a maximum amount of Ethereum?
SakuraBlooming
Thu Dec 26 2024
|
7 answers
1364
I'm wondering if there's a limit to the total amount of Ethereum that can exist. Is there a cap on how much Ethereum can be mined or created?
7 answers
SamuraiWarrior
Sat Dec 28 2024
However, in practice, the issuance of ETH is limited. A specific amount of ETH is released into the market each day through the mining process.
Was this helpful?
165
78
DigitalDynasty
Sat Dec 28 2024
Additionally, Ethereum's protocol also includes mechanisms to reduce the supply of ETH. One such mechanism is EIP-1551.
Was this helpful?
224
43
SapphireRider
Sat Dec 28 2024
EIP-1559 is a recent upgrade to Ethereum's protocol that introduces a fee-burning mechanism. A portion of the transaction fees paid on Ethereum is burned, which means it is permanently removed from the supply.
Was this helpful?
193
85
Silvia
Sat Dec 28 2024
The answer to this question is no. Unlike some other cryptocurrencies, Ethereum does not have a maximum supply cap.
Was this helpful?
241
75
Load 5 more related questions
