Several Ethereum developers voiced concerns about Ethereum improvement proposal (EIP) 2025, which recommends creating more Ether per block for the next 18 months. Authored by James Hancock, a Berlin-based developer, the proposal suggests adding an extra 0.044 Ether per block in order to broadly fund Ethereum’s ongoing development.
Published last month, EIP-2025 was discussed briefly during a bi-weekly meeting between Ethereum’s core developers on July 18. The extra ETH generated would be used by a funding organization to allocate capital toward Ethereum’s development, said the proposal.
EIP-2025 is “absolutely absurd”
According to Ethereum developer Eric Conner, the suggestions made in EIP-2025 are “absolutely absurd.” Conner estimated that an extra 136,400 ETH ($28.6 million at current prices) would be generated if the proposal was approved.
Reading through the latest Ethereum Core Dev call notes and it appears that EIP-2025 is being seriously considered as an EIP for Istanbul.
EIP-2025 adds 0.044 ETH per block for 3,100,000 blocks to go to a dev fund. That’s 136,400 ETH.
Absolutely absurd! This cannot happen.
— Eric Conner (@econoar) July 22, 2019
Anthony Sassano, the co-founder of EthHub, an informational resource for blockchain development, clarified that he supports initiatives that involve funding Ethereum’s development. However, he suggested alternative funding options outside of increasing the block reward.
I am (obviously) not against funding important development work on Ethereum but I oppose EIP-2025.
Here are some alternative funding options:
— Anthony Sassano (@sassal0x) July 22,