Ethereum inflation reached record heights. What will happen to bitcoin next?
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Ethereum on average pays miners about $ 2.5 billion. The market capitalization of bitcoin has dropped to $ 27 billion. Given the reward for the block and commissions over the past day miners received about $ 6.6 million in Ethereum. What that means coin — tried to understand .
How to mine Ethereum
Based On these data we can conclude that the inflation of cryptocurrency is fixed at 7.3 percent. Too rapid production of coins may be the subject of discussions before the upcoming bomb of complexity that will take on Ethereum Proof of Stake.
This update Casper is unlikely to be ready before 2019, which the bomb, it has to move. In other words, the Ethereum inflation is unexpectedly high even after a sharp fall in the price of cryptocurrency.
At the moment, cryptocommunist there are four suggestions on how to resolve the problem. Some offer to increase the reward per block to 5 esters, others do not want to change it, others say its down to the 2 esters. The fourth way to reduce the award to the same coin, while inflation will fall to 2.3 percent.
It is expected that the latter two options do not have substantial support among miners. They do not want to lower rewards per block, as this would reduce their income. However, supporters of the cuts say the increase in demand for Ethereum because of low inflation. Increased demand and low supply in theory should lead to the pump prices of the cryptocurrency. Accordingly, the miners will get more in Fiat, but less in the crypt.
Is there Enough air for 1 unit for full security of the blockchain coins? It is difficult to say. In the last 24 hours in the network Ethereum transaction was committed for 365 million dollars, the average value of one transaction — $ 580. For the same day between Bitcoin wallets made of remittances to $ 4 billion. It turns out, skips a lot more money with less.
The Result — award 2 ether per block may be the best compromise. Recall from Casper she does fall to 0.82 coins per block. I hope by the time Ethereum will move to PoS.
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