Asked: Why can there only ever be 21 million bitcoins?
My answer: At the current pace of block production, all bitcoins won’t be issued until around 2140. The supply cap is enforced because all nodes on the network verify new blocks according to the same rules, and any block that gives its creator extra coins will be rejected.
$BTC 81830.01 (-0.042%)
Have you ever misunderstood this before?
#BTC
My answer: At the current pace of block production, all bitcoins won’t be issued until around 2140. The supply cap is enforced because all nodes on the network verify new blocks according to the same rules, and any block that gives its creator extra coins will be rejected.
$BTC 81830.01 (-0.042%)
Have you ever misunderstood this before?
#BTC