What is the max supply code for Bitcoin?

One such rule is the halving event, which occurs approximately every four years. During these events, the reward given to miners for successfully adding a block to the blockchain is cut in half. This mechanism not only slows down the rate of new coin creation but also ensures that the total supply will never exceed 21 million.

Satoshi Nakamoto, the pseudonymous creator of Bitcoin, established a fundamental principle for the cryptocurrency by setting a "hard cap" on its total supply. This limit, set at 21 million coins, ensures the scarcity of Bitcoin and contributes to its value proposition.

The enforcement of this cap is not arbitrary but rather inherent in Bitcoin's source code. This code, which forms the backbone of the Bitcoin network, contains rules that govern the creation and distribution of new coins.

Bitcoin blocks play a crucial role in maintaining the security and integrity of the network. They contain a record of all transactions that have occurred since the last block was added, and they are added to the blockchain through a process called mining.

Miners are rewarded with newly minted Bitcoins for their efforts in validating and adding blocks to the blockchain. However, as mentioned earlier, these rewards are subject to the halving events, which gradually reduce the rate of new coin creation over time.