What is the amount of BTC in existence?
SHYAM MOHAN AZADDec 19, 2021 · 3 years ago3 answers
Can you tell me the current total supply of Bitcoin (BTC)? How many BTC are currently in existence?
3 answers
- Dec 19, 2021 · 3 years agoSure! As of now, the total supply of Bitcoin (BTC) is 21 million coins. However, not all of them are in circulation yet. The supply is gradually released through a process called mining, where new Bitcoins are created as rewards for miners who solve complex mathematical problems. So far, around 18.5 million BTC have been mined and are in circulation. The remaining BTC will be gradually released over time until the maximum supply of 21 million is reached. Hope that answers your question!
- Dec 19, 2021 · 3 years agoThe total supply of Bitcoin (BTC) is fixed at 21 million coins. This limit was hardcoded into the Bitcoin protocol by its creator, Satoshi Nakamoto. Currently, around 18.5 million BTC have been mined and are in circulation. The remaining BTC will be gradually mined over time until the total supply reaches 21 million. It's important to note that the rate of new BTC creation decreases over time due to the halving events that occur approximately every four years. These events reduce the block reward for miners, which slows down the rate at which new BTC enters circulation.
- Dec 19, 2021 · 3 years agoAccording to the latest data, the total supply of Bitcoin (BTC) is 21 million coins. However, it's important to note that not all of them are currently in circulation. As of now, around 18.5 million BTC have been mined and are in circulation. The remaining BTC will be gradually released over time through the mining process. Each time a new block is added to the Bitcoin blockchain, a certain amount of BTC is created and awarded to the miner who successfully mined the block. This process ensures the security and integrity of the Bitcoin network while also controlling the rate at which new BTC enters circulation.
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