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Explained: What happens when all 21 million bitcoins are mined
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cnbctv18.comOver 90 percent of the total 21 million bitcoins that will ever be available have been mined within 12 years after creating the cryptocurrency, a report on Blockchain.com said. Satoshi Nakamoto, the creator(s) of bitcoin, kept the supply fixed to keep Bitcoin valuable.
But with only a limited number of coins now left to be mined, there are questions about what happens to the Bitcoin economy when the supply runs out. How does the bitcoin supply work?Satoshi put a hard cap or maximum limit of 21 million on the bitcoin supply, regulating it through an algorithm in its source code. The limited supply makes it a scarce commodity and can help increase its price in the future.A new bitcoin is added to the supply at a fixed rate of one block every
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