When it comes to Ethereum, there is a lot of talk about the supply. Is it fixed? Can new ETH be created? Let’s take a look at the facts.
Ethereum was designed to be a decentralized platform that runs smart contracts. These contracts are executed by the Ethereum Virtual Machine (EVM), which is powered by ETH.
ETH is used to pay for transaction fees and gas costs.
The total supply of ETH is capped at 18 million per year. This number was decided by the Ethereum Foundation and cannot be changed.
However, new ETH can be created through mining or staking.
NOTE: WARNING: Ethereum has a fixed supply, but it is possible to increase the supply of Ether through a process called staking. Staking involves locking up coins in a smart contract and receiving rewards in exchange for doing so. This process can result in more coins being added to the circulating supply, thus impacting the fixed supply of Ethereum. As such, it is important to understand the potential risks of staking before participating.
Mining is the process of verifying transactions on the Ethereum blockchain and adding them to the blockchain. Miners are rewarded with ETH for their work.
The amount of ETH rewarded per block is fixed at 5 ETH.
Staking is the process of holding onto ETH in order to validate transactions on the Ethereum blockchain. Stakers are also rewarded with ETH for their work.
The amount of ETH rewarded per block depends on how much ETH is being staked.
So, to answer the question, yes, Ethereum has a fixed supply. However, new ETH can be created through mining or staking.
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