Ethereum (ETH) Likely To Expand Because of On-Chain Enhancements

The Ethereum developer community are a determined lot. The Constantinople update set the ball rolling. Plus, with another update in two months, all indicators point to a bullish ETH. However, in the midst of it all, the main discussion is around the consequences of upgrading and shifting from a proof-of-work system to a proof-of-stake consensus algorithm.

Although building the bare bones for a scalable and efficient network, there are wrinkles that must be ironed out. A visible one is talk around ETH issuance and whether there should be a hard cap.

Earlier, Vitalik Buterin said the total ETH in circulation would be capped at 120 million or at least twice the amount of ETH sold during the 2015 crowdfunding. In a Github post he said:

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