Cryptocurrency Q&A
Which cryptocurrencies have fixed supply?
Which cryptocurrencies have fixed supply?
CryptoChampion
Fri Nov 15 2024
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6 answers
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Cryptocurrencies with fixed supply include Bitcoin, which has a capped supply of 21 million coins. This means that no more than 21 million Bitcoins will ever be mined or created. Other cryptocurrencies may have different supply mechanisms, such as limited supply with periodic burning or infinite supply with controlled inflation, but Bitcoin stands out as a notable example with its fixed and finite supply.
6 answers
EchoPulse
Sun Nov 17 2024
Bitcoin operates on a unique principle where its maximum supply is capped at 21 million coins. This limit ensures scarcity, a key factor in determining its value.
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Carolina
Sun Nov 17 2024
The fixed supply of Bitcoin is a fundamental aspect of its design, distinguishing it from traditional currencies that can be printed indefinitely.
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KiteFlyer
Sat Nov 16 2024
While Bitcoin adheres to a strict supply limit, other cryptocurrencies adopt different approaches. Ethereum, for instance, does not have a predetermined fixed supply.
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Daniele
Sat Nov 16 2024
Ethereum's supply model allows for the creation of new coins through mining, a process that rewards miners for verifying transactions on the blockchain.
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GeishaMelody
Sat Nov 16 2024
The dynamic nature of Ethereum's supply sets it apart from Bitcoin, offering a contrasting economic model within the cryptocurrency space.
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