This weekend was a special time in the cryptocurrency world. 80% of available Bitcoins are in circulation. Thanks to Satoshi Nakamoto, Bitcoin has a limited supply, as well as a protocol which makes it more and more difficult with time. Lets look at what Nakamoto snuck into the code of the most popular cryptocurrency.
Bitcoin miners have mines 16,800,000 BTCs as of 13th of January. When Satoshi Nakamoto developed the cryptocurrency, he set the maximum number of minable Bitcoins at 21 million no more. However, skeptics say that manipulations in the form of a 51% attack and the Sybil Attack may lead to attempts to increase supply. So far, however, the consensus principle has been effective in defending Bitcoins independence. For almost a decade, nobody has managed to break the Bitcoin protocol.
Bitcoins limited supply on the market increases demand for the good. We can see how big a gap exists between these two values. Many people believe that this digital shortage will increase the value of Bitcoin in the future.
more:
https://dowbit.com/80-bitcoins-mined/