What is the total supply of coins in Bitcoin?

3 answers

• Dec 26, 2021 · 3 years ago
  The total supply of coins in Bitcoin refers to the maximum number of coins that will ever exist in the Bitcoin network. It is determined by the Bitcoin protocol and is set at 21 million coins. This limit ensures scarcity and helps maintain the value of Bitcoin. Factors that can affect the total supply include lost coins, as well as changes to the Bitcoin protocol through consensus among the network participants.
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• Dec 26, 2021 · 3 years ago
  The total supply of coins in Bitcoin is fixed at 21 million. This means that once all 21 million coins have been mined, no new coins will be created. The rate at which new coins are generated decreases over time through a process called halving. Approximately every four years, the number of new coins created in each block is cut in half. This gradual reduction in the rate of coin creation helps to control inflation and maintain the scarcity of Bitcoin.
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• Dec 26, 2021 · 3 years ago
  The total supply of coins in Bitcoin is set at 21 million, and this limit is hardcoded into the Bitcoin protocol. It cannot be changed without a consensus among the network participants. This limit was designed to mimic the scarcity of precious metals like gold. By having a limited supply, Bitcoin aims to be a store of value and a hedge against inflation. Other cryptocurrencies may have different total supply limits, but Bitcoin's 21 million cap is one of its defining features.
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