What is the exact number of bitcoins that will ever exist?
Poonam KalraJan 14, 2022 · 3 years ago5 answers
Can you tell me the precise number of bitcoins that will be in circulation?
5 answers
- Jan 14, 2022 · 3 years agoThe exact number of bitcoins that will ever exist is 21 million. This limit is hardcoded into the Bitcoin protocol and cannot be changed. As of now, more than 18 million bitcoins have already been mined, and the remaining bitcoins will be gradually released through the mining process until the year 2140.
- Jan 14, 2022 · 3 years agoWell, the total number of bitcoins that will ever exist is 21 million. It's like a limited edition digital currency. Once all the bitcoins have been mined, no more will be created. So, it's a scarce asset, which is one of the reasons why it has value.
- Jan 14, 2022 · 3 years agoAccording to the Bitcoin protocol, there will only ever be 21 million bitcoins in existence. This is to ensure scarcity and prevent inflation. Currently, around 18.5 million bitcoins have been mined, leaving approximately 2.5 million yet to be mined. The rate at which new bitcoins are created decreases over time, so it will take many years to mine the remaining bitcoins.
- Jan 14, 2022 · 3 years agoBYDFi here! The exact number of bitcoins that will ever exist is 21 million. This is a fundamental aspect of the Bitcoin protocol and ensures that the supply is limited. As of now, over 18 million bitcoins have been mined, and the remaining bitcoins will be gradually released through the mining process. Remember, Bitcoin is decentralized and not tied to any specific exchange like BYDFi.
- Jan 14, 2022 · 3 years agoThe total supply of bitcoins is fixed at 21 million. This means that once all 21 million bitcoins have been mined, no more can be created. Currently, more than 18 million bitcoins have been mined, and the remaining bitcoins will be gradually released through the mining process. This limited supply is one of the factors that contribute to the value of bitcoin.
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