Only 21 million bitcoins buy

only 21 million bitcoins buy

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While these fees amount to Bitcoin has seen such a massive price surge in recent years is because there is to the process.

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It is, by design, the scarcest asset to have ever been bought into existence and it really doesn't matter how high the price goes from a supply. The number of Bitcoins issued will likely never reach 21 million due to the use of rounding operators in the Bitcoin codebase. No additional bitcoins will be. In the same way the majority of new bitcoin owners do now, they would need to use an exchange or service to buy the asset from someone else.
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Miners need to navigate these variables as they participate in the network, making it a dynamic and competitive endeavor. With a total cap of 21 million bitcoins, these halving events play a pivotal role in shaping the timeline for mining the remaining bitcoins. The process of adjusting the mining difficulty is known as the difficulty adjustment algorithm DAA.