Bitcoin supply limit

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Is Litecoin different from Bitcoin?

A fixed supply limit certainly gives Bitcoin anti-inflationary properties, but the reason it was set to 21 million is hidden in personal correspondence between Nakamoto and software developer Mike Hearn. Does bitcoin have a limit “I wanted to pick something that would make prices similar to existing currencies, but without knowing the future, that’s very hard. I ended up picking something in the middle,” Nakamoto said.

Bitcoin cap limit

Crypto-currencies’ market cap of more than one trillion us dollars makes them too important to ignore. Marion Laboure, Analyst at Deutsche Bank Research, tells us how the development of digital currencies will shape the future of payments. 3. Summing it up In an attempt to remedy the network’s growing capacity challenges, in July 2017 users representing between 80-90% of Bitcoin’s computing power voted to introduce a technology called segregated witness (SegWit). SegWit would allow more Bitcoin transactions per block by removing signature data, shrinking them by as much as 65%. The move was strongly opposed by a minority group of Bitcoin miners and developers who felt it didn’t go far enough to address the network’s scalability problems. Many also believed the addition of SegWit took Bitcoin off course from pseudonymous creator Satoshi Nakamoto’s original vision, which positioned Bitcoin as a method of value exchange rather than a speculative asset.

But Bitcoin is different. From its very inception, Bitcoin was designed to have a finite supply. This means there will only ever be 21 million bitcoins in existence - no more, no less. This was a deliberate choice made by Bitcoin's creator, Satoshi Nakamoto, and it's written into the very code that runs the Bitcoin network. When Will All Bitcoins Be Mined? Chainalysis. "60% of Bitcoin Is Held Long Term as Digital Gold. What About the Rest?."

Does bitcoin have a cap

This max supply rationale was further elaborated in an email between Satoshi and software developer Mike Hearn, where Nakamoto said: What are the disadvantages of Bitcoin? The 17 millionth bitcoin "serves as a timely reminder that despite bitcoin's volatility the fundamentals have never been stronger!" Brandon Williams of cryptocurrency trading firm Cosima Capital, said in an email.