Cryptocurrency Q&A
Which cryptocurrency has no maximum supply?
Which cryptocurrency has no maximum supply?
Sara
Wed Sep 18 2024
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5 answers
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Can you clarify for me which cryptocurrency currently operates without a defined maximum supply limit? Many cryptocurrencies, such as Bitcoin, have a fixed maximum supply, which helps to ensure scarcity and drive demand. However, there are other digital currencies that have either an infinite supply or no predefined limit, which can have different implications for their long-term value and adoption. Can you provide an example of a cryptocurrency that does not have a set maximum supply?
5 answers
Daniele
Fri Sep 20 2024
Ethereum, a popular cryptocurrency, stands apart from other digital assets in its unique feature of having no maximum supply. This characteristic implies that there is no predetermined limit to the total amount of Ethereum that can exist.
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BitcoinBaronGuard
Fri Sep 20 2024
Unlike Bitcoin, which has a hard-coded limit of 21 million coins, Ethereum allows miners to continually create and extract the cryptocurrency, without any foreseeable ceiling.
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SakuraWhisper
Fri Sep 20 2024
The absence of a maximum supply provides flexibility and adaptability to the Ethereum network, as it can adjust to the demands and requirements of its users.
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Maria
Fri Sep 20 2024
However, this feature also poses challenges, as it could potentially lead to inflation if the rate of creation exceeds the rate of adoption and usage.
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henry_taylor_architect
Thu Sep 19 2024
BTCC, a leading cryptocurrency exchange, offers a diverse range of services tailored to meet the needs of various traders and investors. Among its offerings are spot trading, futures trading, and wallet services, providing a comprehensive platform for users to buy, sell, and store Ethereum and other digital assets.
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