What is the current supply of bitcoins worldwide?

3 answers

• Mar 17, 2022 · 3 years ago
  Sure! The current supply of bitcoins worldwide is approximately 18.7 million. This number is constantly changing as new bitcoins are mined and added to the circulation. The supply is determined by the Bitcoin protocol and the process of mining, which involves solving complex mathematical problems to validate transactions and create new bitcoins. As more bitcoins are mined, the supply increases, but it is designed to be limited to a maximum of 21 million bitcoins. So far, around 89% of the total supply has been mined, and it is estimated that the last bitcoin will be mined in the year 2140.
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• Mar 17, 2022 · 3 years ago
  Hey there! The current supply of bitcoins worldwide is around 18.7 million. It's like a never-ending game of hide and seek, where new bitcoins are constantly being discovered by miners. The supply is determined by the Bitcoin network and its decentralized nature. Miners use powerful computers to solve complex mathematical problems and validate transactions. As a reward for their efforts, they receive newly minted bitcoins. This process ensures that the supply of bitcoins is controlled and that there is no central authority governing it. So, the more bitcoins that are mined, the closer we get to the maximum supply of 21 million bitcoins. It's an exciting journey that's still unfolding!
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• Mar 17, 2022 · 3 years ago
  The current supply of bitcoins worldwide is approximately 18.7 million. This number is determined by the Bitcoin network and its consensus algorithm. Every 10 minutes, a new block of transactions is added to the Bitcoin blockchain through a process called mining. Miners compete to solve a mathematical puzzle, and the first one to solve it gets to add the block to the blockchain and receive a reward in the form of newly minted bitcoins. This reward is halved approximately every four years, which means that the rate at which new bitcoins are created decreases over time. As a result, the supply of bitcoins is limited and will never exceed 21 million. It's a clever system that ensures scarcity and value for this digital currency.
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