Cryptocurrency Q&A
Why is Bitcoin 21 million limit?
Why is Bitcoin 21 million limit?
SamuraiBrave
Sun Dec 22 2024
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5 answers
1421
I've heard that Bitcoin has a 21 million limit. I'm curious to know why this limit exists and what purpose it serves in the Bitcoin system.
5 answers
SamsungSpark
Tue Dec 24 2024
In the early days of bitcoin, specifically in 2009, miners were rewarded generously.
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Silvia
Tue Dec 24 2024
Nakamoto incorporated a mechanism in the code to counteract inflation.
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EchoChaser
Tue Dec 24 2024
The total number of bitcoins that can ever exist is capped at 21 million.
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Paolo
Tue Dec 24 2024
As of now, miners have successfully extracted over 19.6 million bitcoins.
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Margherita
Tue Dec 24 2024
This limit ensures that the supply of bitcoins remains finite.
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