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Will the total Ethereum offer finally be blocked?
According to Coinbase, its open source implementation of the Ethereum Rosetta API supports balance monitoring, including internal and external ETH transfers.
According to the San Francisco-based exchange, the problem of the inability to calculate the total supply of Ethereum, which reached boiling point in August, can be solved by its “rosette-ethereum”.
Launched just a month after rosetta-bitcoin, this open source specification makes it easy for “anyone to track all Ethereum balance transfers (including” internal transactions “) without relying on a third-party service or script collection. lump sum. “
Unlike Bitcoin, which only involves bulk rewards, to calculate Ethereum’s offer, you need to consider not only the genesis and mining rewards, but also the “uncle rewards”.
Uncle rewards are blocks that have not entered the blockchain and exist to enhance decentralization. They may also have “grandchildren”.
Additionally, even those ETHs that have been wiped off the network, which happens on rare occasions when a smart contract is set up to self-destruct and send its own fund to itself, need to be deducted from the supply.
When we released Rosetta, an open source specification that makes blockchain integration easier, faster, and more reliable, the main demand from the community was an Ethereum implementation. Today we are proud to open Rosetta Ethereum. https://t.co/DL4KyTglzq https://t.co/qR1rL8m34S
– Coinbase (@coinbase) October 26, 2020
In addition to helping track all ETH balance transfers, Rosetta-Ethereum also makes it easy to create, sign, and transmit transactions without maintaining a network-specific SDK or network-specific signature logic.
It will also allow secure balance searches with certainty to get account data from blocks you didn’t expect.
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