Ethereum, the world’s second-largest cryptocurrency, has crossed over 100 million tokens in circulation on June 11.
Unlike Bitcoin with its maximum supply of 21 million, Ethereum opted not to set an upper limit on its total coin supply. Vitalik Buterin, Ethereum’s co-founder, suggested that the milestone of 100 million would not be reached, but the predictions have failed.
In April 2018, Buterin offered to fix a limit on ETH emission of 120 million coins. However, the project has not been implemented and the emission is still unlimited.
According to analysts, the total number of ETH is growing by about 10% per year. To prevent inflation of this virtual currency, many solutions have been proposed. But there was no progress. The use of Casper protocol is considered one of the best options to resolve the issue. The Proof-of-Stake algorithm included in Casper protocol could reduce inflation from 10% to 0.5-2% per year. However, in case ETH emission rises beyond 120 million, setting a cap of around 144 million coins would be relevant, experts say.
