Up to 2 Million ETH to Be Printed Indefinitely Says Vitalik Buterin

ethereum staking rewards nov 2020

Up to two million eth a year, currently worth $1 billion, is to be minted effectively indefinitely according to Vitalik Buterin, the ethereum co-founder. Speaking during an ask me anything session, Buterin said much is in flux for the next two years, However: “The issuance schedule is ~4.7M per year for the next ~1-2 years or however long it takes until the merge, and then ~0-2M per year minus burned fees (which could be even greater than the issuance!) once PoS is fully in place. I don’t think it’s even productive to give any kind of different answer.” Ethereum’s current supply is 113 million eth, with some ◊4.7 million, or $2.2 billion at current prices, to be minted every year until 2022 at the earliest with Justin Drake, an eth dev, stating the merger is not expected next year. Thereafter issuance is variable depending on how many stake, with some…

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