Why is Bitcoin 21 million (why is the upper limit of Bitcoin 21 million)
Why Bitcoin has 21 million Bitcoin was proposed on January 3, 2009, and now it has become the world’s largest currency. Its market value has surpassed other asset classes such as gold and silver, and its trading volume has reached an astonishing $200 billion Why are there 21 million Bitcoins Why are there 21 million Bitcoins? Because people know that whenever someone asks what Bitcoin is, they will say, “I don’t know what the real Bitcoin is.”
But is this the truth?
? (Note: To explain the concept of Bitcoin and its relationship with blockchain technology, let’s first briefly understand what Bitcoin is.). Why spend so much time researching Bitcoin? Because many people believe that this is a digital currency. But in reality, no one knows how it works, nor can they predict what impact or consequences it will bring. (Bitcoin)
Why is the maximum supply limit of Bitcoin 21 million
According to CCN, the maximum supply limit of Bitcoin is 21 million. Why can’t Bitcoin be issued in unlimited quantities? The reasons are as follows:
1. There is no block in Bitcoin that is immovable and can be traced back to a specific time 2. Due to each BTC having a unique hash value (such as 1M), it cannot be expanded
3. When we consider that each transaction will classify the Cryptocurrency, we will find that most exchanges will not support these transactions As the development of blockchain networks approaches, new transaction types, new transactions, and new functions may emerge If more funds flow into this industry and make it large enough or useful enough, it is possible to create better market prices than the currently circulating BTC 6. This means that everyone can create their own wallet address.
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