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ETH Supply Will Decrease 10 Times by 2021

Justin Drake, an Ethereum 2.0 researcher at the Cryptokoin – Ethereum Foundation, states that Ethereum (ETH) could be launched 10 times less by 2021, a technology-focused news agency Trustnodes reported on July 5:

Drake is said to have specified a possible timeline:

Olası A possible timeline highlighting key milestones (dates may not be exactly correct) is as follows: January 2020: initiation of the beacon chain. June 2020: Ethereum light clients ready for production. November 2020: Ethereum fork, the fork selection rule ensures Etehereum's certainty. March 2021: Ethereum fork to reduce yield by 10 times. ”

Drake also stressed that there are several non-technical issues that are difficult for him to predict. In particular, these are ne how fast 2 million ETHs (65,000 validators) will be taken to launch the beacon chain ”and“ how fast Ethereum governance is willing to move with two rigid forks ”.

Ethereum developers are reported to have predicted a complete sharding move by 2021, as the ecosystem will take several years to leave Proof of Work (PoW).

In mid-June, Drake said at a bi-weekly Ethereum core developers meeting that the first phase of the Ethereum network transition to Ethereum 2.0 is expected to take place on January 3, 2020. In code specifications for phase zero – the first phase of the Ethereum network's transition from a PoW to a risk-approved consensus algorithm switches the block validation function from miners to private network validators.

As reported recently, the Ethereum network registered daily transactions exceeded one million on June 28 for the first time since May 2018. Ethereum's trading value in the chain traded on a monthly high in December 2018.

Ethereum's decentralized practices (DApps) recorded a new rise in April with 776,000 ETH transactions, as Crypto analyst firm Diar reported in May.

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