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Author: Admin | 2025-04-28
The application of the formula in its entirety for every value of “i”, from 0 to 32.So:First era total reward = (210,000 * [(50 * 108) / 20]) / 108 +Second era total reward = (210,000 * [(50 * 108) / 21]) / 108 +Third era total reward = (210,000 * [(50 * 108) / 22]) / 108+…+Thirty-third era total reward = (210,000 * [(50 * 108) / 232]) / 108 = Total bitcoin supply = 21,000,000 Therefore, 21 million is the total supply of bitcoin.Thus the halving algorithm also determines that there can never be more than 21 million bitcoin in circulation. The number 21,000,000 itself is not mentioned in Bitcoin’s code, but comes from the application of this algorithm, starting from those initial values.How Does Halving Impact Bitcoin Miners?As block rewards will halve, miners will receive half the amount of BTC for validating a transaction on the blockchain. Therefore, many miners will consider modifying their operations to sustain their profitability.However, the price of Bitcoin has been consistently increasing, thus the decline in the number of BTCs received may end up being offset by an increase in cash value.Learn more about how halving impacts Bitcoin miners and merged mining in this article. What’s nextBitcoin’s limited supply promotes price stability and long-term value preservation. A fixed supply prevents excessive inflation, which can erode the purchasing power of currencies and lead to economic instability.As we anticipate the next halving and its subsequent effects, the principles embedded in Bitcoin’s design continue to shape its trajectory as a decentralized and deflationary currency.“Please note: The views expressed in this article are the personal opinions of the author, and do not reflect the opinions of IOV Labs or its affiliated companies.”
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