Cryptocurrency Q&A
Is Bitcoin truly limited?
Is Bitcoin truly limited?
GyeongjuGloryDaysFestivalJoy
Tue Dec 17 2024
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5
answers
1055
I've been hearing a lot about Bitcoin and its limited supply. But I'm not sure if it's really limited. I want to understand if Bitcoin is truly scarce or if there's more to it than meets the eye.
5 answers
Giulia
Thu Dec 19 2024
Miners are rewarded with 3.125 BTC for successfully mining each block.
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ZenMind
Thu Dec 19 2024
Prior to the most recent halving event, the reward was double the current amount, standing at 6.25 BTC.
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InfinityVoyager
Thu Dec 19 2024
The halving event occurred on April 19, 2024, and it was a significant milestone in the world of cryptocurrency mining.
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CryptoTitan
Thu Dec 19 2024
The halving process is a crucial aspect of Bitcoin's supply mechanism, as it gradually reduces the number of new coins entering circulation.
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KiteFlyer
Wed Dec 18 2024
This process will continue indefinitely, with the reward halving every few years, until the maximum supply of 21 million Bitcoin is reached.
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