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Nairaland Forum / Entertainment / Celebrities / Has The Last Bitcoin Been Mined? (133 Views)
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Has The Last Bitcoin Been Mined? by ayojademi(m): 6:16pm On Dec 22, 2021 |
When Satoshi Nakamoto invented Bitcoin in 2009, he limited the amount that could ever be mined to 21 million bitcoins. On average, they were released into the Bitcoin supply at a fixed rate of one block of 50 coins. But, it was also designed to be reduced by 50% every four years in a process called ‘Bitcoin halving’. The halving system controls inflation, over-supply, and devaluation of the cryptocurrency. According to Blockchain.com, almost 90% of that pre-defined supply of 21 million coins has been mined. However, experts project that the remaining 10% will...more..https://alabiansolutions.com/blog/has-the-last-bitcoin-been-mined/ |
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