"How many Ethereum in circulation?" asks the Bitcoin community

Published on by Cryptoslate | Published on

The great Ethereum supply debate is on-and it's turning fierce.

That means unlike Bitcoin, there's no "Cap" to how many Ethers can exist in the open market - with the idea being supply increases every year as long as Ethereum exists.

In 2017, mining generated 9.2 million new ETH, corresponding to a 10% increase in its total supply.

Yes, the critics were ever-present and ICO fanatics made millions, but no one really cared about what the Ethereum supply was like.

Instead, prominent members of the Bitcoin community are leading the charge seeking the one true answer; how many ETH anyway?

Rew, a thread commenter who seemed to explain how Ethereum's uncapped supply was similar to Bitcoin's, said that the former can be appropriated using a model of issuance rules with the current issuance.

Monero lead developer, and code maintainer, Riccardo Spagni was quick to state that any interested party can "Independently" verify the Bitcoin supply - with the same relatively difficult to do for Ethereum, he stated.

After the thread above started to spark further interest into how many ETH really are in circulation, Ethereum co-founder Vitalik Buterin jumped in on his Twitter account to explain his view.

He later mentioned how to check the Ethereum supply, using this link.

In further comments, Buterin noted there were 112 million ETH in circulation.

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