Cryptocurrency Q&A
What backs up cryptocurrency?
What backs up cryptocurrency?
SunlitMystery
Fri Nov 15 2024
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5 answers
1079
I'm wondering about the underlying support or foundation of cryptocurrency. What are the elements or systems that give stability or credibility to this digital currency?
5 answers
ZenFlow
Sun Nov 17 2024
The protocol of Bitcoin stipulates a cap on the total number of Bitcoins that can ever exist.
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Claudio
Sun Nov 17 2024
Bitcoin's scarcity is a significant factor contributing to its value.
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emma_lewis_pilot
Sat Nov 16 2024
According to this protocol, the maximum supply of Bitcoin is limited to 21 million.
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CryptoAlchemy
Sat Nov 16 2024
This limitation is an integral part of the Bitcoin network, encoded in its core design.
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DigitalDynastyQueen
Sat Nov 16 2024
In contrast, traditional fiat currencies do not have such restrictions.
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