Just checked: Bitcoin has practically reached the 20 million mark. The rules encoded in the protocol still work like on the first day – the supply is strictly limited and coded to a maximum of 21 million.



What fascinates me: The last million coins will take about 114 more years to mine. That is essentially encoded in the blockchain – the fewer coins left to mine, the longer it takes. The halvings are designed to guarantee this long process.

It's wild when you think about it. The scarcity is not artificial but mathematically encoded. While other currencies can be increased arbitrarily, Bitcoin follows a strict, unchangeable plan. That is one of the reasons many find the model so interesting.
BTC0.97%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin