Cryptocurrency Q&A
Why are there only 21 million Bitcoins?
Why are there only 21 million Bitcoins?
Riccardo
Wed Dec 18 2024
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6 answers
1067
I've heard that there are only 21 million Bitcoins in existence. I'm curious to know why this limit exists and how it affects the value and scarcity of Bitcoin.
6 answers
KDramaCharm
Thu Dec 19 2024
As a result of this process, the Bitcoin network will cease generating new coins.
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CryptoVisionary
Thu Dec 19 2024
When Bitcoin undergoes its 33rd halving event, a significant change will occur in its mining rewards.
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Ilaria
Thu Dec 19 2024
The total number of Bitcoins in circulation at this stage will be 20999999.97690001.
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JamesBrown
Thu Dec 19 2024
This figure is very close to, and can be approximated as, 21 million Bitcoins.
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DaeguDivaDanceQueenElegantStride
Thu Dec 19 2024
The reward for mining each new block will diminish to below 1 satoshi, representing an extremely small fraction of a Bitcoin.
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