Cryptocurrency Q&A Which cryptos have a max supply?

Which cryptos have a max supply?

CryptoVisionary CryptoVisionary Fri Oct 11 2024 | 6 answers 1376
I'm looking for cryptocurrencies that have a maximum supply limit. I want to know which ones have a set cap on the total number of coins or tokens that can be mined or issued. Which cryptos have a max supply?

6 answers

Silvia Silvia Sun Oct 13 2024
Bitcoin, the pioneering cryptocurrency, operates on a unique principle where the maximum supply of coins is fixed at 21 million. This limitation is hardcoded into the Bitcoin protocol, ensuring scarcity and potential for value appreciation over time.

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CryptoNinja CryptoNinja Sun Oct 13 2024
However, it's essential to note that not all cryptocurrencies adhere to this model of a predetermined fixed supply. Each digital asset has its own unique economic design and mechanisms that govern its issuance and circulation.

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CryptoKing CryptoKing Sun Oct 13 2024
One such example is Ethereum, a versatile blockchain platform that supports a wide array of decentralized applications and smart contracts. Unlike Bitcoin, Ethereum's total supply is not fixed but rather, it increases over time through a process called mining.

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TaegeukChampionCourageousHeartWarrior TaegeukChampionCourageousHeartWarrior Sun Oct 13 2024
Miners on the Ethereum network are rewarded with new Ether (ETH), the native cryptocurrency, for verifying and adding transactions to the blockchain. This reward system, along with transaction fees, helps to secure the network and incentivize participation.

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CryptoVisionary CryptoVisionary Sat Oct 12 2024
As Ethereum evolves, its economic model and token issuance policies may undergo changes. For instance, the network is currently transitioning to a new consensus mechanism called proof-of-stake, which aims to reduce energy consumption and enhance security. This transition may impact the rate of new Ether creation.

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