Post
Topic
Board Bitcoin Discussion
Re: where will transactions go after 21million?
by
VitKoyn
on 26/04/2018, 07:19:23 UTC
I read that bitcoin has a limit of 21million blocks and after that miners can earn income from fees?
I understand that blocks contain transactions.
After 21million if no more blocks are created, then where will the new transactions be recorded?
Thanks so much
After 21 million Bitcoin has totally mined, blocks will never disappear, because there are no limits on blocks that will be mined because blocks is where transactions are being recorded and being mined to confirm every transactions on Bitcoin network, the only thing that will disappear after all supply gets mined is the block rewards that is being awarded to miners on each successfully mined block. And after that, miners will only have to rely on transaction fees, we still don't know if it will be profitable for them, if not there will surely be a huge decrease of Bitcoin miners.