Supply
The supply of bitcoins in the world is capped at 21 million and, currently, about 18.7 million have been mined. The production of new coins is slowed every four years or so, with the number of coins minted upon completion of a block cut in half each time.
The limited supply is one of the things that makes Bitcoin attractive to many people. Decentralization means it is unlikely that any one person or group could gain control of the ledgers or enough of the currency to manipulate its value.
42
1.08K reads
CURATED FROM
IDEAS CURATED BY
The idea is part of this collection:
Learn more about crypto with this collection
How to create and sell NFTs
The future of NFTs
The benefits and drawbacks of NFTs
Related collections
Similar ideas to Supply
New coins are created during the process known as 'mining'.
As compensation for spending their computational resources, the miners ...
How Many Terra (LUNA) Coins Are There in Circulation?
It has a circulating supply of 400 Million LUNA coins but unlimited supply and it might be very risky to invest money in this kind of projects.
If you are looking to buy or sell Terra, Bitfinex is currently the most active exchange.
The structure of bitcoin
- Bitcoin is a peer-to-peer money network. You don't have to pay a fee to a bank when you send money to another party.
- Bitcoin is finite. There can only be 21 million bitcoin in the world. More than 17 million have already been mined while the rest w...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates