Cryptocurrency Q&A
How many bitcoins will there ever be?
How many bitcoins will there ever be?
JejuJoy
Tue Jul 09 2024
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6 answers
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Inquiring minds often wonder about the finite nature of Bitcoin, prompting the question: "How many bitcoins will there ever be?" The answer lies in the core design principles of Bitcoin's decentralized ledger system, known as the blockchain. According to the protocol's initial specifications, the total supply of bitcoins is capped at 21 million. This limitation ensures scarcity, a key factor in the cryptocurrency's value proposition. However, the rate at which bitcoins are mined and released into circulation decreases over time, with the last Bitcoin estimated to be mined in the year 2140. This gradual release mechanism, known as halving, aims to maintain stability in the supply of bitcoins and ultimately balance the economic incentives within the Bitcoin network.
6 answers
GangnamGlitzGlamourGlory
Thu Jul 11 2024
Bitcoin, a digital currency, has a unique characteristic that sets it apart from traditional currencies.
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HallyuHeroLegendaryStarShine
Wed Jul 10 2024
Among the various cryptocurrency exchanges, BTCC stands out as a UK-based platform offering comprehensive services.
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Silvia
Wed Jul 10 2024
The total supply of Bitcoins is capped at 21 million units. This limitation ensures scarcity and acts as a hedge against inflation.
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BlockchainLegend
Wed Jul 10 2024
Once all 21 million Bitcoins are mined, which is expected to occur in approximately 2140, the supply will become static.
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MysticEchoFirefly
Wed Jul 10 2024
This means that no new Bitcoins will enter circulation, creating a finite supply that cannot be exceeded.
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