1. PixelPlaygroundHome
  2. Web3 News

When did ETH start (How many coins will be issued in total)?

• Web3 News • 121 views

When did ETH start? ETH was launched in 2017 as a token based on the Ethereum b

When did ETH start (How many coins will be issued in total)?

When did ETH start? ETH was launched in 2017 as a token based on the Ethereum blockchain network. By the end of 2018, 5% of its circulating supply had been issued. However, over time, fewer wallets and exchanges have supported this project, so many people believe that ETH should be recognized now.

So what is ETH? Is it a network token like Bitcoin from the beginning? Can it be used as a settlement currency with Bitcoin? It’s actually quite simple: We see Bitcoin as a decentralized electronic cash system, and its value is generated through mining. In other words, if you hold a Bitcoin, you can receive a corresponding amount of ETH as a reward, and you can also participate in activities such as purchasing according to your preferences, providing you with corresponding rights and benefits. Then, you can trade other digital assets on this platform or use this service like BTC.

If you want to acquire more Bitcoin or even other cryptocurrencies, you need to do it through ethtoken, allowing holders to directly convert their holdings and obtain certain returns.

How many coins will be issued in total?

According to reports, AlexEgorov, the founder of Ethereum Name Service (ENS), recently stated on Twitter: How many tokens will ETH issue in total? Based on the current situation, what will the price of ETH reach? According to this estimation standard, it will be divided into four stages:

The 1st part is the white paper; the 2nd part is a part of protocol upgrades and new features;

The 3rd part is Ethereum Improvement Proposals (EIPs), which mainly include three contents: 1. Adding ETH to existing contracts. 2. Increasing support for other assets (such as ERC20, TRC-721, etc.). 3. Creating a new trading market that allows anyone to send or receive ETH/DAI or ETH/WBTC. 4. Creating liquidity pools that allow everyone to earn ETH rewards, and they can obtain staking rewards from these earnings. 5. Distributing airdrops that allow users to purchase BNB with ETH and exchange it for wETH. 6. Minting more vaults by destroying v1, which increases their ETH balance more than originally designed. 7. Transaction fees will be deducted within 10 days (i.e. 3% annual recovery), so it will not affect the entire network.

This article and pictures are from the Internet and do not represent Fpips's position. If you infringe, please contact us to delete:https://www.fpips.com/23023/

It is strongly recommended that you study, review, analyze and verify the content independently, use the relevant data and content carefully, and bear all risks arising therefrom.

Like (0)
Previous 08/10/2023 22:56
Next 08/10/2023 23:18

Recommended articles