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Posts tagged as “Vitalik”

Vitalik Buterin Proposes ETH Hard Cap of 120 Million

The co-founder of Ethereum, Vitalik Buterin earlier today created an Issue on Github. He proposes putting a hard cap on ETH to ‘ensure the economic sustainability of the platform’. Vitalik suggested redenomination of all rewards like mining rewards, staking rewards, etc into a new unit called Reward Units or RU for short. 1 RU = (1 - CURRENT_SUPPLY / MAX_SUPPLY) ETH Buterin goes on to propose the max supply of ETH be…

What is Ethereum?

In today’s bloodbath, one coin did pretty well, maintaining its price and market place. That is none other than Ether (ETH). Much has been said about ETH and Ethereum network that currently holds the second largest market cap in Cryptocurrency. What is Ethereum? Simply put, Ethereum is a blockchain-based decentralized platform on which decentralized applications (Dapps) can be built.     Remember, blockchain is the structure the vast majority of cryptocurrencies run…