Cryptocurrency Q&A
Can Bitcoin go over 21 million?
Can Bitcoin go over 21 million?
JejuJoyfulHeartSoulMate
Fri Jun 07 2024
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6
answers
875
Could you please explain to me the potential for Bitcoin to exceed the 21 million limit? Given its fixed supply and the principles of decentralization, does it seem feasible for the number of Bitcoins in circulation to rise beyond this cap? Could technological advancements or changes in the crypto landscape potentially allow for such an occurrence? I'm quite curious about the dynamics and constraints surrounding Bitcoin's supply and how they might be affected in the future. Thank you for your insights.
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6 answers
Ilaria
Sat Jun 08 2024
Satoshi Nakamoto, the creator of Bitcoin, established a fundamental principle in the cryptocurrency's design: a strict limit of 21 million coins. This "hard cap" ensures the scarcity of Bitcoin, a crucial aspect of its value proposition.
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charlotte_anderson_explorer
Sat Jun 08 2024
The embedded source code of Bitcoin ensures that this halving process occurs predictably and according to a pre-set schedule. It is this mechanism that prevents the total supply of Bitcoin from exceeding 21 million coins.
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Valentina
Sat Jun 08 2024
BTCC, a UK-based cryptocurrency exchange, offers a comprehensive suite of services that cater to the needs of Bitcoin enthusiasts and investors. Among its offerings are spot trading, futures contracts, and secure wallet solutions.
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Carolina
Sat Jun 08 2024
Despite being a digital asset, Bitcoin's value is backed by its underlying blockchain technology. Each block in the Bitcoin blockchain holds a record of transactions, securing the network and validating the transfer of coins.
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Raffaele
Sat Jun 08 2024
Miners play a vital role in maintaining the Bitcoin network. They are rewarded with newly minted coins for their computational efforts in verifying and adding blocks to the blockchain.
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