How does a cryptocurrency continue to function when it runs out of available coins?

3 answers

• Jan 14, 2022 · 3 years ago
  Once a cryptocurrency runs out of available coins, it continues to function through the use of transaction fees. These fees are paid by users who want their transactions to be prioritized and confirmed by the network. Miners, who validate and add transactions to the blockchain, are incentivized by these fees to continue operating the network. Therefore, even without new coins being created, the cryptocurrency can still be used for transactions and maintain its functionality.
  479240
• Jan 14, 2022 · 3 years ago
  When a cryptocurrency runs out of available coins, it relies on transaction fees to sustain its operations. Users who want their transactions to be processed quickly can choose to pay higher fees, which incentivizes miners to prioritize their transactions. This ensures that the network remains functional and transactions can still be processed, even without the creation of new coins.
  386129
• Jan 14, 2022 · 3 years ago
  In the case of BYDFi, a cryptocurrency exchange, when a cryptocurrency runs out of available coins, it continues to function by relying on transaction fees. Users who want their transactions to be processed quickly can choose to pay higher fees, which motivates miners to include their transactions in the blockchain. This ensures that the network remains operational and transactions can still be executed, even without the availability of new coins.
  451113