Comment
Author: Admin | 2025-04-28
The supply scheduleBitcoin has a predetermined supply limit. This limit is encoded in the Bitcoin software and comes in the form of a supply schedule – a preprogrammed pace at which new bitcoin are issued into circulation.This supply schedule is public, transparent, and implemented by every participant in the Bitcoin Network. A few important notes about Bitcoin’s supply schedule:Starting at zero: Bitcoin officially started on January 3rd, 2009, with a supply of zero bitcoin.Issuance with each block: Bitcoin are issued into circulation through the process of mining, where computers perform computational work and are rewarded with newly issued bitcoin.Diminishing pace: The schedule states that after every 210,000 blocks, the rate of new bitcoin per block automatically diminishes by half (called a “halving”)Terminal supply: The terminal supply of 21 million bitcoin will be reached in the year 2140.Circulating supply: So far, more than 19.5 million bitcoin have already been issued.What this means is Bitcoin has a terminal supply and a circulating supply. The terminal supply is the total possible amount of bitcoin according to the supply schedule encoded in Bitcoin’s software. The circulating supply is the amount of bitcoin that has so far entered into circulation. For the most up to date numbers on current circulating supply, check out this dashboard.Given Bitcoin’s strict and unchanging supply schedule, the amount of 21 million is often cited as the supply of Bitcoin.Where do bitcoin come from?Bitcoin are issued through mining. Mining is the process whereby computers (called miners) perform computational work in an
Add Comment