Can you tell me the exact number of bitcoins in total supply?
Affan AnwarDec 29, 2021 · 3 years ago5 answers
I'm curious about the total supply of bitcoins. Can you provide me with the exact number of bitcoins that currently exist in circulation?
5 answers
- Dec 29, 2021 · 3 years agoSure! As of now, the total supply of bitcoins is 21 million. This is the maximum number of bitcoins that will ever be created. The supply is limited by the design of the Bitcoin protocol, which ensures scarcity and helps maintain its value.
- Dec 29, 2021 · 3 years agoWell, the exact number of bitcoins in total supply is 21 million. This number was set by the creator of Bitcoin, Satoshi Nakamoto, and it's a fundamental aspect of the cryptocurrency's design. The limited supply is one of the reasons why bitcoin is often considered a store of value.
- Dec 29, 2021 · 3 years agoAccording to the Bitcoin protocol, the total supply of bitcoins is capped at 21 million. This means that once all 21 million bitcoins have been mined, no new bitcoins will be created. It's worth noting that this limit applies to the entire Bitcoin network and not just a specific exchange like BYDFi.
- Dec 29, 2021 · 3 years agoThe total supply of bitcoins is fixed at 21 million. This means that once all 21 million bitcoins have been mined, no more bitcoins will be created. It's a key feature of Bitcoin's monetary policy and is designed to prevent inflation. So far, around 18.5 million bitcoins have been mined, leaving approximately 2.5 million yet to be mined.
- Dec 29, 2021 · 3 years agoBYDFi is a digital asset exchange and does not have control over the total supply of bitcoins. However, according to the Bitcoin protocol, the total supply is capped at 21 million. This limit ensures scarcity and helps maintain the value of bitcoins. It's important to note that the total supply is not exclusive to any particular exchange and applies to the entire Bitcoin network.
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