Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. Bitcoins are created as a reward for a process known […]
Who Controls Bitcoin Supply
The Bitcoin protocol is designed in such a way that only a fixed number of bitcoins can be created. The total number of bitcoins that will ever be created is 21 million. The rate at which new bitcoins are created is halved every 4 years. This means that the total number of bitcoins in circulation […]
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What Is The Halving Of Bitcoin
What is the halving of Bitcoin? The halving of Bitcoin is a process that takes place every four years in order to limit the number of bitcoins that can be mined. The number of bitcoins that are rewarded for mining a block is halved, meaning that the total number of bitcoins in circulation will be […]
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Why Is Bitcoin Capped At 21 Million
Bitcoin is capped at 21 million because that is how many Bitcoins will be created. The cap was put in place to ensure that Bitcoin would not be subject to inflation. In the early days of Bitcoin, the number of Bitcoins in circulation was small. As the number of Bitcoins in circulation increased, the value […]
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What Happens When All Of Bitcoin Is Mined
When all of the bitcoins have been mined, what happens to the blockchain and to the bitcoin economy? The total number of bitcoins that will ever be in circulation is 21 million. At present, there are just over 16 million bitcoins in circulation, so there are still about 5 million bitcoins left to be mined. […]
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What Is Bitcoin Market Cap
Bitcoin market cap is a metric that is used to calculate the total market value of a cryptocurrency. This is done by multiplying the total number of bitcoins in circulation by the current price of a bitcoin. The market cap of bitcoin has seen a lot of volatility over the years. It reached a high […]
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How Many People Own One Bitcoin
How Many People Own One Bitcoin A little over a year ago, the price of a single bitcoin was just over $1,000. Since then, the digital currency’s value has exploded, reaching a peak of more than $19,000 in December. As of this writing, a single bitcoin is worth about $10,000. So, how many people own […]
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When Was The Last Bitcoin Halving
The Bitcoin Halving is an event that happens every four years where the number of bitcoins rewarded to miners for every block mined is cut in half. The last Bitcoin Halving happened on July 9, 2016, when the reward for miners was reduced from 25 bitcoins to 12.5 bitcoins. The Bitcoin Halving is an important […]
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How Many Bitcoin Are In The World
Bitcoin is a digital asset and a payment system invented by Satoshi Nakamoto. Transactions are verified by network nodes through cryptography and recorded in a public dispersed ledger called a blockchain. Bitcoin is unique in that there are a finite number of them: 21 million. As of June 2019, over 17 million bitcoins were in […]
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What Happens When Crypto Reaches Max Supply
Just as a reminder, there are only 21 million bitcoins in total that can be mined. Once 21 million bitcoins have been mined, no more bitcoins will be created. So, what happens when crypto reaches max supply? Well, first of all, it’s important to understand what happens when a new block is mined. For one, […]
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