On 1 April, the co-founder of Ethereum published a proposal to improve the network (EIP), aimed at limiting the ether emission. But later he admitted that it was a joke.

Vitalik Buterin published a new proposal for improving the Ethereum protocol on the Github website. In order to support the economic stability of the platform, he proposed to limit the ether emission at the level of 120 204 432 ETH. This is twice as much as it was sold during the Ethereum crowdsale in 2014.

This EIP was supposed to be activated within the next hardfork, which will occur during the launch of the first phase of the Casper update. As the network approaches the maximum number of coins, the miners' reward will gradually reduce to zero.

Buterin also proposed a formula for calculating a miners' reward after the system moves to a Proof-of-Stake algorithm. According to the formula, the reward will be inversely proportional to the total number of coins issued.

"In the longer term, the supply would exponentially approach the max cap, and the rewards would exponentially approach zero, so if hypothetically Ethereum stays with proof of work forever, this would halve rewards every 744 days. In reality, however, rewards will decrease greatly with the switch to proof of stake, and fees such as rent (as well as slashed validators) will decrease the ETH supply, so the actual ETH supply will reach some equilibrium below MAX_SUPPLY where rewards and penalties/fees cancel out, and so rewards will always remain at some positive level above zero," Buterin wrote.

The next day, Buterin in Twitter admitted that it was a "meta-joke." But if the community considers such innovation as a necessary one, then it can be implemented in all seriousness, he added.

He also noted that no one paid attention to one his joke. 20% of his text was copied from the materials of the cryptocurrency project Tron, spotted in plagiarizing its White Paper from Filecoin's and IPFS's ones.