Cryptocurrency Q&A
Why can only 21 million Bitcoin exist?
Why can only 21 million Bitcoin exist?
Andrea
Sun Dec 22 2024
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7 answers
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I've heard that there's a limit to the number of Bitcoins that can exist, which is 21 million. I'm curious about the reason behind this limitation. Why is it set to 21 million and not any other number? What's the logic or technology behind this decision?
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7 answers
Carlo
Tue Dec 24 2024
This white paper was authored by an enigmatic individual or collective that went by the pseudonym of Satoshi Nakamoto.
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GinsengBoostPower
Tue Dec 24 2024
Nakamoto's primary objective in creating Bitcoin was to devise a digital currency that could serve as an alternative to traditional fiat currencies.
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MountFujiMysticalView
Tue Dec 24 2024
One of the key features of Bitcoin, as outlined in the white paper, is its finite supply.
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Martina
Tue Dec 24 2024
Nakamoto incorporated a mechanism into the Bitcoin codebase that restricts the total number of bitcoins that can ever be mined.
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OpalSolitude
Tue Dec 24 2024
The concept of Bitcoin emerged from a groundbreaking white paper that was released online in the year 2001.
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