Coin mining network

The spiritual home of Bitcoin lovers

why only 21 million bitcoins

why only 21 million bitcoins

why only 21 million bitcoins插图

Best answer

While there can only ever be a maximum of 21 million bitcoins, because people have lost their private keys or have died without leaving their private key instructions to anybody, the actual amount of available bitcoins in circulation could actually be millions less.

People also ask

  • How many Bitcoins are there in the world?

  • There is a fixed supply of 21 million Bitcoin (Image: Shutterstock)

  • Why is there a 21 million bitcoin limit?

  • One explanation for the 21 million Bitcoin limit is the money supply replacement theory. An alternative suggestion is that the limit could be mathematically extrapolated from Bitcoin’s operating parameters. Like many other cryptocurrencies, Bitcoin (BTC) was designed around the principle of a finite supply.

  • Why is bitcoin’s supply capped at 21 million?

  • Bitcoin鈥檚 supply is capped at 21 million. But why did Satoshi Nakamoto pick that specific number? There are at least two plausible explanations. Bitcoin was designed so that there is a finite supply of 21 million BTC.

  • How many Bitcoins have been mined in 2021?

  • Once bitcoin miners have unlocked all the bitcoins, the planet’s supply will essentially be tapped out. As of February 24, 2021, 18.638 million bitcoins have been mined, which leaves 2.362 million yet to be introduced into circulation.