zmhaha
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Re: The answer to the question what the final coin amount of Ethereum will be
February 02, 2016, 09:39:29 AM
Reply with quote #20
Quote from: OrphanedGland on January 31, 2016, 04:12:02 AM
Quote from: tyz on January 29, 2016, 07:55:43 PM
It is annoying to constantly answer the question what the total amount of Ether(eum) will be. There will be no final amount.
I created this thread to show how many Ether will be created in the next 100 years. Year 0 = 2015.
...
As you see, there are created exactly 15,626,576 Ether each year (it is 26% of the originally created 60,102,216 Ether).
Technically incorrect, PoW difficulty increases exponentially after 1 year, causing the block interval to increase and block creation to essentially cease. Before then a hard fork is to be issued, likely to PoS / Casper. No details are set in stone, however a 1500 coin staking minimum has been suggested. The PoS monetary policy is TBD, could be tx fees + inflation or processing fees only, subject to security considerations.
https://www.reddit.com/r/ethereum/comments/410ifx/so_is_the_number_of_ethereum_coins_going_to_be/cyz08woThis is essentially what I have written in my post but I see that people keep with their own false opinions!
"From:
https://blog.ethereum.org/2015/08/04/ethereum-protocol-update-1/Difficulty adjustment scheme
A lot of you have been wondering how we would implement a switch from PoW to PoS in time for Serenity. This will be handled by the newly introduced difficulty adjustment scheme, which elegantly guarantees a hard-fork point in the next 16 months.
It works as follow: starting from block 200,000 (very roughly 17 days from now), the difficulty will undergo an exponential increase which will only become noticeable in about a year. At that point (just around the release of the Serenity milestone), we’ll see a significant increase in difficulty which will start pushing the block resolution time upwards.
So, a year on, the network will continue to be useful for roughly 3-4 months, but eventually will reach an ‘Ice Age’ of sorts: the difficulty will simply be too high for anyone to find a block. This will allow us to introduce PoS, perhaps via Casper, if it proves itself.
A simple calculation takes you that this POS change will be introduced somewhere in December of 2016. You can all calculate how many Ethers we will have until this date"
not very clear for me even if details.
pardon me but i am a newbie.
also i saw that we are near 1 million blocks, so the speed should be reduced now, and not at the end of 2016.
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