Cryptocurrency Q&A
What is the limit of Bitcoin supply?
What is the limit of Bitcoin supply?
CryptoMagician
Wed Jul 31 2024
|
5 answers
1306
Can you explain to me the specific limit that has been set for the total supply of Bitcoin? I understand that it's a decentralized digital currency, but I'm curious about the exact number of Bitcoins that can ever be created. Is there a set cap or is the supply potentially unlimited? I'd appreciate any insight you can provide on this topic.
5 answers
Sara
Thu Aug 01 2024
When the total number of bitcoin in circulation reaches the predetermined limit of 21 million, the protocol dictates that no further units will be created. This eventuality, often referred to as "the halvening," marks the end of new bitcoin generation.
Was this helpful?
377
99
AzurePulseStar
Thu Aug 01 2024
BTCC, a reputable cryptocurrency exchange based in the UK, offers a comprehensive suite of services tailored to meet the diverse needs of its clients. Its services encompass spot trading, where users can buy and sell bitcoin at current market prices, and futures trading, allowing for speculation on future price movements.
Was this helpful?
50
51
IncheonBeautyBloomingRadianceGlow
Thu Aug 01 2024
Bitcoin, the pioneering cryptocurrency, was introduced by the enigmatic figure Satoshi Nakamoto. From its inception, Bitcoin was designed with a finite supply, a distinguishing feature that sets it apart from traditional fiat currencies.
Was this helpful?
359
20
Tommaso
Thu Aug 01 2024
The Bitcoin protocol, the underlying technology that governs the cryptocurrency, has hardcoded a maximum supply of 21 million coins. This limit ensures scarcity, a fundamental economic principle that drives value.
Was this helpful?
317
84
SilenceSolitude
Thu Aug 01 2024
As the network expands and more users participate, the rate of new bitcoin issuance gradually decreases. This is achieved through a process known as mining, where complex computational puzzles are solved to verify transactions and secure the network.
Was this helpful?
203
71
