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EIP669 was a difficulty bomb delay, which happens every year or so. The difficulty bomb was never intended to make monetary policy. The point was to keep upgrad
by DennisP 5y ago
EIP669 was a difficulty bomb delay, which happens every year or so. The difficulty bomb was never intended to make monetary policy. The point was to keep upgrades from failing to deploy due to node operator complacency. The difficulty bomb forces them to upgrade their code in some way, either to the upgraded version, or to the same old version with a bomb delay.
Issuance right now is 2 ETH/block. The white paper just promised 5 ETH/block forever.
https://ethereum.org/en/whitepaper/ https://ethereum.org/en/whitepaper/
Net issuance will be lower after 1559 rolls out in August and starts burning a portion of transaction fees. Combining that with the PoS merge in half a year or so, and net issuance may well go negative. (Ethereum's PoS isn't really a scaling solution though.)