Cryptocurrency Q&A
How many bitcoins will they exist?
How many bitcoins will they exist?
MountFujiView
Thu Dec 26 2024
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5
answers
1110
I want to know the total number of bitcoins that will eventually exist. Is there a limit to how many bitcoins can be mined or will they continue to be generated indefinitely?
5 answers
Eleonora
Sat Dec 28 2024
The cap on the total number of bitcoins that can be mined stands at 21 million. This figure represents the upper limit of the cryptocurrency's supply.
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Alessandra
Sat Dec 28 2024
Over the years, a significant portion of bitcoins have been lost due to various reasons, such as forgotten passwords or lost hard drives. These lost bitcoins contribute to a reduction in the actual number of bitcoins in circulation.
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Alessandro
Sat Dec 28 2024
Despite the theoretical maximum of 21 million bitcoins, the actual number of bitcoins available for use and trading is much lower. This is due to the combination of mined but unspent coins and those that have been lost forever.
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Leonardo
Sat Dec 28 2024
The significance of the 21 million figure often draws attention, but in reality, it is just an arbitrary number. The developers of bitcoin could have chosen any other number for the total supply cap.
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Federico
Fri Dec 27 2024
For instance, the cap could have been set at 100 million instead of 21 million. The key point is that the total supply is finite, which helps to maintain the scarcity and value of the cryptocurrency.
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