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How many Bitcoins are there in total?

The total supply of Bitcoins is capped at 21 million, ensuring its scarcity and contributing to its value.

Sep 27, 2024 at 05:06 pm

  1. What is Bitcoin?

    • Bitcoin is a decentralized digital currency created by an anonymous person or group of people known as Satoshi Nakamoto in 2008.
  2. How many Bitcoins are there in total?

    • As of August 2023, there are approximately 19.2 million Bitcoins in circulation.
  3. How is the total number of Bitcoins controlled?

    • The total supply of Bitcoins is limited to 21 million, as specified in the Bitcoin protocol's source code.
  4. What happens when the 21 million Bitcoin limit is reached?

    • Once the 21 million Bitcoin limit is reached, no new Bitcoins will be created. Bitcoin miners will continue to earn block rewards in the form of transaction fees.
  5. What is the significance of the Bitcoin supply limit?

    • The limited supply of Bitcoins contributes to its value and scarcity, similar to how precious metals like gold have limited supply.
  6. How is Bitcoin different from fiat currencies?

    • Unlike fiat currencies, which are controlled by central banks and can be inflated, the supply of Bitcoin is fixed and decentralized.

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