Because bit is a protocol, it is defined from the day of creation, let's start
1. Where will we see the source code of the watch?
Many people know that Open Source software can be checked https://bitcoincore.org/ which has volunteers helping to take care of the world and co-develop together.
2. How many bits will be specified for each miner's block?
The block is created from the closing of every block of the miner. The block event is closed and the block is added to the block. The miner will be rewarded with the block from two parts: the transfer fee of the recorded transaction and the block is newly created from the BLock subsidy or the reward support.
3. Where does the 21 million come from?
If you understand it simply, we calculate the answer from closing the block every 10 minutes, so there will be more bits produced according to the written rule and the production rate will decrease by half every 210,000 blocks.
At the beginning of the exchange, Bitho will release 50 blocks, but when it reaches 210,000 blocks, Bitho will reduce its amount by half to 25 bitcoins and half when it reaches 210,000 Block 12.5 bitcoins and this year 7.25
BTC will keep going until it reaches 21 million bits.
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