Cryptocurrency Q&A
What limits Bitcoin to 21 million?
What limits Bitcoin to 21 million?
DreamlitGlory
Wed Dec 25 2024
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7 answers
1414
I've heard that Bitcoin has a limit of 21 million coins. I'm curious about what sets this specific cap on the number of Bitcoins that can exist. Is it a technical limitation or a design choice?
7 answers
Luca
Fri Dec 27 2024
In return for their efforts, miners are rewarded with new Bitcoin. However, as the reward diminishes, so does the supply of new coins.
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CryptoTitan
Fri Dec 27 2024
Despite being a purely digital asset, Bitcoin's supply is strictly controlled by its embedded source code.
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CherryBlossomDancing
Fri Dec 27 2024
The code includes a mechanism known as halving, which reduces the rate of new Bitcoin creation over time.
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Valentino
Fri Dec 27 2024
Satoshi Nakamoto established a definitive limit for Bitcoin, capping its total supply at 21 million coins.
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Valentina
Fri Dec 27 2024
Halving events occur periodically, cutting the reward for miners in half each time.
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