Bitcoin reaches a new milestone: the 19 millionth has been mined
Bitcoin reaches a new milestone: the 19 millionth has been mined.
Bitcoin hit a milestone on Friday, “bringing the world closer to the moment when the last new Bitcoin enters the world,” Axios reported. “The supply of this cryptocurrency topped 19 million…”Bitcoin is hardcoded so it has both a predictable mining schedule and a hard cap of 21 million bitcoins” .
The article states that Bitcoin was created as “a currency with a fixed supply that no one can change.” But it will be a long process before the price of Bitcoin can really feel the impact of reaching the limit of volume.
The next event that could affect the price is when the next block reward drops in half, which will happen in a little over two years. …
The 18 millionth bitcoin was mined in 2019, but due to the lower and lower mining efficiency, the 21 millionth bitcoin will not be mined until 2140, and the average mining time will increase every four years. half as long.