Cryptocurrency Q&A
What happens after 21 million bitcoins?
What happens after 21 million bitcoins?
MountFujiMystic
Fri Jul 26 2024
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6 answers
1439
I'm curious, once the 21 million bitcoin limit is reached, what will be the implications for the cryptocurrency market? Will mining still be profitable? Will the scarcity of new bitcoins drive up the value even further? And how will the network handle transactions without the incentive of new coin creation? I'm eager to learn more about the potential future of bitcoin and how it will evolve beyond this milestone.
6 answers
LightningStrike
Sun Jul 28 2024
This decrease in rewards will eventually lead to a point where no more new bitcoins are generated, marking the end of the mining era as it has existed since Bitcoin's inception.
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MysticGalaxy
Sun Jul 28 2024
The eventual conclusion of Bitcoin mining rewards represents a significant milestone in the cryptocurrency's lifecycle.
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CryptoMaven
Sun Jul 28 2024
As the network approaches the cap of 21 million bitcoins, miners will gradually experience a decrease in the block rewards they receive for validating transactions and maintaining the blockchain's security.
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CryptoLordGuard
Sat Jul 27 2024
Post this point, miners will need to adapt their business models to survive, as they will solely rely on transaction fees as a source of income.
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Tommaso
Sat Jul 27 2024
This shift will undoubtedly have implications for the entire Bitcoin ecosystem, as miners play a crucial role in maintaining the network's stability and security.
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