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Author: Admin | 2025-04-28
Majority of the coins were premined before the launch and was distributed in the genesis block.Here is the distribution overview of Ether:Genesis Block: 72,009,990.50 Ether – 60 Million Crowdsale and 12 Million is the dev fund (0.2 coins per 1 coin sold in the pre-sale).Mining Block rewards: 39,558,466.41 EtherMining Uncle Rewards: 2,799,482.13 EtherCurrent Total Supply: 114,367,939.03 EtherSource: https://etherscan.io/stat/supplyThis is according to Etherscan. Now if you look at other block explorers the numbers will be slightly different. Why? This has been addressed in detail by crypto educator Andreas Antonopoulos.This whole "what is ETH supply" thing is a silly gotcha that doesn't make much sense if you understand how Ethereum works. It's no better than the silly gotchas Schiff and Roubini level at bitcoin. We can do better. Let's look at the details…1/— Andreas (@aantonop) August 10, 2020So again if the blockchain is verifiable then why is there a problem in calculating the ETH supply and what is the official supply of ETH?Official supply of ETHIn Bitcoin there is a build in function to query the supply. It is more easily verifiable with certain commands. For example anyone who is running a Bitcoin node can execute gettxoutsetinfo command and calculate the current supply.Ethereum lacks such command and there is no simple method for verifying the supply in exact numbers.Well there are certain third party scripts to calculate the total supply but not all of them will return the same results. It is not impossible to calculate but there are certain complexities.1. First
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