Post
Topic
Board Altcoin Discussion
Re: seen this shit ETH took over poloniex XMR is nothing but a second class shitcoin
by
Robin,Hood
on 12/08/2015, 17:12:29 UTC
I think the protocol is very interesting, to be sure. If it develops the way it should/hoped it'll be very special.

I just want to know though - because no matter how much I read about it I'm still not sure - what is the total amount of Ether there will be?

Is there a hard written quantity in the code that is irreversible? As far as I can make out, that's not the case and no promises have been made not to increase the Ether supply. Is that correct?

I understand that each time Ether is used it's burned, is that also correct?

Thanks in advance

Ether is not burned. It is fungible like Bitcoin.when you spend ETH in. A smart contract the contract transfers the ETH according to its code.  I guess you could write a smart contract that would burn ETH.

I think total coin supply is 90 million currently 60 million.
Stop thinking, horses are better suited for it, as bigger head.
ETH, no hard cap, unlimited 13mil yearly supply,  Dogecoin 2.0