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What are some digital assets that have a fixed issuance and cannot be inflated?

avatardqwgfDec 25, 2021 · 3 years ago5 answers

Can you provide some examples of digital assets that have a fixed issuance and cannot be inflated? I'm looking for cryptocurrencies or tokens that have a limited supply and cannot be created or increased over time.

What are some digital assets that have a fixed issuance and cannot be inflated?

5 answers

  • avatarDec 25, 2021 · 3 years ago
    Sure! One example of a digital asset with a fixed issuance and no inflation is Bitcoin. Bitcoin has a maximum supply of 21 million coins, and no more can ever be created. This limited supply ensures that Bitcoin cannot be inflated like traditional fiat currencies.
  • avatarDec 25, 2021 · 3 years ago
    Absolutely! Another digital asset that fits this description is Litecoin. Similar to Bitcoin, Litecoin also has a fixed supply of 84 million coins. This means that the number of Litecoins in circulation will never exceed 84 million, preventing any possibility of inflation.
  • avatarDec 25, 2021 · 3 years ago
    Well, there are several digital assets that meet these criteria. One such example is Ethereum. While Ethereum doesn't have a fixed supply like Bitcoin or Litecoin, it does have a capped annual issuance rate. This means that the rate at which new Ethereum tokens are created is limited, preventing excessive inflation. Other examples include Ripple and Cardano, both of which have a fixed total supply and cannot be inflated.
  • avatarDec 25, 2021 · 3 years ago
    BYDFi is a digital asset that has a fixed issuance and cannot be inflated. With a maximum supply of 10 million tokens, BYDFi ensures scarcity and prevents any possibility of inflation. It is designed to be a deflationary asset, meaning that the supply will decrease over time, further enhancing its value.
  • avatarDec 25, 2021 · 3 years ago
    Digital assets with a fixed issuance and no inflation are becoming increasingly popular. One such example is Binance Coin (BNB). BNB has a maximum supply of 200 million coins, and the supply is gradually decreasing through regular token burns. This fixed supply and deflationary mechanism make BNB a valuable asset in the crypto space.