Altcoins Talks - Cryptocurrency Forum
Crypto Discussion Forum => Cryptocurrency discussions => Technical Discussion => Topic started by: bitmover on March 26, 2024, 10:06:02 PM
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Ever wandered which coins have max supply, like Bitcoin?
As the halving approaches, many people might be asking this question about other altcoins.
If a coin has a halving or something similar, it must likely have a max supply ( because of mathematics).
If you go to coinmarketcap you can check if a coin has a max supply or not. Take a look at the Circulating supply column.
If there is a progress bar, this coin has a maximum allowed supply.
(https://talkimg.com/images/2024/03/26/V2NMD.png)
https://coinmarketcap.com/
Of the largest coins, only BTC XRP and ADA have a maximum supply. Other coins may be minted out to infinite.
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If cryptocurrency does not have a predetermined fixed supply, it is not possible to know its maximum supply.
Some currencies have a Dynamic type max supply which changes according to supply and demand, or Deflationary, which decreases over time but is unlimited, and therefore fixed supply is the only one that can be classified.
https://cryptoli.st/lists/fixed-supply has a filter to classify cryptocurrencies according to fixed-supply
There are only 2,657 cryptocurrencies of this type.
(https://talkimg.com/images/2024/03/30/VmoeZ.png)
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Yes. I know about this and this is the first reason I didn't like tokens like ETH because it does not have a limit. The devs of ETH can now generate unlimited ETH and cash them out whenever they want. Even though I do not understand the mechanism, I believe it's possible for them. Not only ETh but tokens like Solana, BNB even Polkadot do not have any maximum supply limit. Which is too risky for the investors. But those tokens are on hype because of their ecosystem which keeps maintaining the demand on the market and the dev team can unlock new supply every few days if they want.
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If a coin has a halving or something similar, it must likely have a max supply ( because of mathematics).
Not quite, there is a hybrid, doge!
Doge had halvings and a diminishing issuance supply but at the same time the final reward kept going, so it went down from 1 mill to 15.6 k but then it started a constant block reward of 10k per block.
So there is a bit of difference between eth and doge that still have a predictable supply and USDT for example, which could grow 10x in size tomorrow.
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This is understandable for Bitcoin, but what surprised me was XRP. I didn't expect it to have maximum supply being a centralized coin!!
Given that XRP is centralized, has no halving, and is not produced by mining in the first place, how does it have maximum supply? Even if this is in the coin code, can't the central company change this number later?
I mean couldn't they modify the code in the future to increase the number of XRP if they wanted?
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Thanks for sharing this. It's quite easy to see at a glance the coins that have no ceiling, this could easily add another factor to investing in a coin or something. It's best that you see that because the law of supply and demand could affect the market especially if a lot of people buy the coin. Better analyze the coin before investing in it though.
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I mean couldn't they modify the code in the future to increase the number of XRP if they wanted?
Theoretically, even bitcoin code could be changed to apply a total supply change, or a halving calculation change.
The point is that those huge changed in the code could have a very big negative price impact.
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Theoretically, even bitcoin code could be changed to apply a total supply change, or a halving calculation change.
The point is that those huge changed in the code could have a very big negative price impact.
Yes, you are correct, but this needs the consensus of the entire Bitcoin community to change the code, otherwise a hard fork will occur on Bitcoin if there is no consensus on the change.
As for Ripple, it is a central company that owns XRP and can make the changes it wants without requiring approval or consensus.
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yep so many users hate the token. i think because from the users in the early stage of crypto, they hate garlinghouse for owning billions of this token. its sort of a premined token which the number 1 in the richlist is garlinghouse and the ripple labs.
i'm curious how much is being lost in XRP already. the longer the project existed i'm sure people already lost their keys. there use to be a gatehub wallet where they distribute 20 XRP every sign up, i'm sure i've sign up to it.
surprisingly ADA as well.
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yep so many users hate the token. i think because from the users in the early stage of crypto, they hate garlinghouse for owning billions of this token. its sort of a premined token which the number 1 in the richlist is garlinghouse and the ripple labs.
i'm curious how much is being lost in XRP already. the longer the project existed i'm sure people already lost their keys. there use to be a gatehub wallet where they distribute 20 XRP every sign up, i'm sure i've sign up to it.
surprisingly ADA as well.
Maximum supply doesn't make the coin good by itself.
There are good coins, such as Ethereum, which doesn't have a max supply. And bad ones, such as ADA, which has. Also, max supply doesn't mean the coin will be valuable.
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Ever wandered which coins have max supply, like Bitcoin?
That is very easy question for Bitcoin, everyone knows there is going to be 21 million coins, but I dont know supply for other coins.
There is a difference between total supply, max supply and current supply for all coins.
Price can be connected with max supply of coins, but it doesnt have to be.