The total circulating supply of Bitcoin can be explained as the overall amount of Bitcoin that has been mined and is currently in circulation. Bitcoin has a capped maximum supply of 21 million. Currently, approximately 18.8 million Bitcoins have been mined and are in circulation.
The process of mining Bitcoin involves solving complex mathematical puzzles through a consensus mechanism known as proof-of-work to validate transactions and add new blocks to the blockchain. Over time, the mining rewards given to miners decrease, and the newly mined Bitcoin supply continues to decrease until it reaches the maximum of 21 million.
Data sources for this information can come from various places, including cryptocurrency exchange platforms, financial websites, and blockchain monitoring. It is essential to refer to reliable and official sources for the most up-to-date information on the circulating supply of Bitcoin.
Follow Us for more information and opportunity.
