Total circulation will be 21,000,000 coins. It'll be distributed to network nodes when they make blocks, with the amount cut in half every 4 years.
First 4 years: 10,500,000 coins
Next 4 years: 5,250,000 coins
Next 4 years: 2,625,000 coins
Next 4 years: 1,312,500 coins
etc...
When that runs out, the system can support transaction fees if needed. It's based on open market competition, and there will probably always be nodes willing to process transactions for free.
💥💥💥💥💥💥💥💥💥👽👽👽👽👽👽
This text is part of the Bitcoin whitepaper, written by Satoshi Nakamoto, and explains how Bitcoin’s issuance process works. Here’s what it means:
1. Total Supply of $BTC :
Bitcoin’s supply is capped at 21 million coins, meaning no more coins can ever be created. This makes Bitcoin a scarce and valuable asset, similar to gold.
2. #HALVİNG Process (Reward Reduction):
Bitcoin is mined by validating transactions through a decentralized network. Miners receive rewards in the form of new bitcoins, but this reward is cut in half approximately every 4 years (a process known as halving).
For example:
First 4 years (2009–2012): 10,500,000 bitcoins were mined.
Next 4 years (2012–2016): 5,250,000 bitcoins.
This process continues, with the reward decreasing every 4 years, until the total supply is mined.
3. When All Bitcoins Are Mined:
It’s estimated that all 21 million bitcoins will be mined by the year 2140. At that point, miners will no longer receive new bitcoins as rewards. Instead, they will earn transaction fees from users.
4. Why This Design?
The purpose of this system is to prevent inflation, unlike fiat currencies, which can lose value due to excessive printing. Bitcoin’s fixed supply and gradual reduction in rewards ensure its scarcity and growing value over time.
🤯🤯🤯🤯🤯🤯🤯😎😎😎😎😎😎
Benefits of Bitcoin:
1. Protection Against #Inflation :
Bitcoin’s limited supply makes it resistant to inflation, unlike traditional currencies, whose value can decrease over time.
2. Financial Inclusion:
Bitcoin allows anyone with an internet connection to participate in the global economy, especially in regions where banking services are limited.
3. Fast and Low-Cost Transactions:
Bitcoin enables quick and cost-effective transfers worldwide, without relying on intermediaries like banks or remittance services.
4. Decentralization and Transparency:
Bitcoin operates on a decentralized blockchain, meaning no single entity controls it. Additionally, all transactions are publicly verifiable, ensuring trust and security.
💥💥💥🚀💥🚀💥🚀💥🚀💥👽👽🤯😎
Bitcoin’s unique design ensures that it is scarce, secure, and resistant to inflation, making it a revolutionary financial tool for individuals, businesses, and even nations.
