Ethereum is one of only two coins which have crossed four-figure values on the cryptocurrency market. The token is bitcoin’s closest rival, as it currently hovers around its value this time last year at $1,800.85 (£1,272.64). And as its popularity climbs alongside its value, so does Ethereum’s supply.
How much Ethereum is there?
While bitcoin outmatches Ethereum in most of its qualities, the latter coin has one quality its rival doesn’t.
BTC will always have a maximum supply of 21 million, while Ether’s can keep climbing.
The increasing circulating supply tends to have a detrimental effect on Ether’s price.
They hope to introduce a “proof-of-stake” system, which builds a secure network with environmentally friendly technology.
Proof of stake should eliminate much of Ether’s fuel-related production issues, cutting it to 1/10,000th of current levels.
Ethereum inventor Vitalik Buterin said in an interview: “Switching to proof of stake has become more urgent for us because of how crypto and Ethereum have grown over the last year.
“I’m definitely very happy that one of the biggest problems of blockchain will go away when proof of stake is complete.”