Bitcoins
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Bitcoins
Subject – Economy
Context – Supply of Bitcoins limited to 21 million
Concept –
- Bitcoin, like gold, cannot be mined forever. Its supply is capped at 21 million. Thebitcoin mining processprovides bitcoin as reward,but the size is decreased periodically to controlthe circulation of new tokens.
- Less than 3 million Bitcoins are yet to be introduced into circulation.
- However, the final Bitcoin is unlikely to be mineduntil around the year 2140, if theBitcoin network protocol remains unchanged.
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