The community of companies and startups supporting the ethereum classic blockchain is planning to put a cap on the total amount of tokens that will ever be created by the protocol.
In a new blog post released today, signatories from the network's development, infrastructure and investment ecosystem threw their support behind a plan to upgrade the network in the coming months. Notable signatories include startup IOHK, which is led by former ethereum CEO Charles Hoskinson, Digital Currency Group, and major mining pools including F2Pool.
The plan for the "monetary policy" envisions a limit being implemented, with an eye to start releasing software clients this summer.
The blog post explains:
Activation of the upgrade could come as early as the fall, and should the upgrade be adopted by network supporters, the block reward decline will begin in December.
If enacted, the development would mark a significant milestone for the project, which arose from a split in the ethereum community last year.
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