-3

Is Ethereum like another very common crypto-currency that has a theoretical maximum number of available coins?

From what I can tell Ethereum is more like dollars or shares of stock in a company as there can be an unlimited number issued and/or printed.

Updated: I selected a correct answer (ETH is not like fiat currency and cannot be created like U.S. Dollars) and wanted people to know there is mis-information being spread about Ethereum being like fiat currency. I suspect holders of BTC may be trying to steer people that way.

Improve this question
4
  • 1
    Try searching next time ethereum.stackexchange.com/questions/443/…
    – OpenUserX03
    May 8, 2017 at 17:43
  • 1
    @OpenUserX03 this is not exactly the same question and a nice answer is always welcomed​ even for a duplicate.
    – Nicolas Massart
    May 8, 2017 at 19:15
  • My apologies, I failed to use the right search terms. I'm a proud owner of ETH because of the answers.
    – Rich Bianco
    May 15, 2017 at 22:22
  • I tried deleting the question due to the negative feedback but not allowed to, sorry.
    – Rich Bianco
    Jun 8, 2017 at 20:45

1 Answer 1

Reset to default
1

No. Ether is only issued by the network in reward of a block creation. This is called mining and miners are those who runs computations to create a block to win the reward. However issuance rate is not linear. Have a look at What is Ethereum's inflation rate? (how quickly will new ether be created)

Improve this answer
1
  • I was misinformed, there is misinformation going around about Ethereum and that it is like fiat currency, unlike Bitcoin. Of course the sources aren't as good as looking on the official site for which I failed and was penalized (rightfully) in down votes. Thank you by the way.
    – Rich Bianco
    May 15, 2017 at 22:17

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service and acknowledge that you have read and understand our privacy policy and code of conduct.

Not the answer you're looking for? Browse other questions tagged or ask your own question.