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Bitcoin News & Updates / What will happen to Bitcoin after all 21 million are mined?
« on: June 23, 2020, 07:53:23 PM »
If Bitcoin sticks with its current consensus algorithm, miners will need to subsist with just transaction fees as an incentive.
There are 21 million Bitcoin. That’s it. Once they’re all mined, which should occur in around 2140, no new Bitcoin will enter circulation.
The Bitcoin blockchain was designed around the principle of controlled supply, which means only a fixed number of newly minted Bitcoin can be mined each year until a total of 21 million coins have been minted.
Read on: https://decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined
There are 21 million Bitcoin. That’s it. Once they’re all mined, which should occur in around 2140, no new Bitcoin will enter circulation.
The Bitcoin blockchain was designed around the principle of controlled supply, which means only a fixed number of newly minted Bitcoin can be mined each year until a total of 21 million coins have been minted.
Read on: https://decrypt.co/33124/what-will-happen-to-bitcoin-after-all-21-million-are-mined