How many bitcoins will ever be created?
dezanewoods9572Dec 26, 2021 · 3 years ago3 answers
Can you tell me the total number of bitcoins that will be created in the future?
3 answers
- Dec 26, 2021 · 3 years agoSure! The total number of bitcoins that will ever be created is 21 million. This limit is hardcoded into the Bitcoin protocol and cannot be changed. Currently, around 18.5 million bitcoins have already been mined, and the remaining 2.5 million will be gradually released through the mining process over the next few decades. Once all 21 million bitcoins are in circulation, no new bitcoins will be created.
- Dec 26, 2021 · 3 years agoWell, the total number of bitcoins that will ever exist is 21 million. This limit was set by the creator of Bitcoin, Satoshi Nakamoto, to ensure scarcity and prevent inflation. So far, more than 18.5 million bitcoins have been mined, and the mining process will continue until the year 2140 to reach the maximum supply. After that, no new bitcoins will be created.
- Dec 26, 2021 · 3 years agoAccording to the Bitcoin protocol, a total of 21 million bitcoins will ever be created. This limit is designed to control the supply of bitcoins and maintain their value. Currently, around 18.5 million bitcoins have been mined, and the remaining 2.5 million will be gradually released through the mining process. Once the maximum supply is reached, no new bitcoins will be generated. It's important to note that this limited supply is one of the factors contributing to the value and scarcity of bitcoins.
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