Post
Topic
Board Bitcoin Discussion
Re: The total limit of bitcoin
by
Ledway
on 30/04/2023, 10:16:06 UTC
Looking at the basic fact about the limit of bitcoin according to the protocol for the bitcoin network,it was design with a limit of 21 million coin.
   My question now is are cryptocurrency miners be unable to generate new bitcoin after it reach the 21 million coin limit?
Since there are over 19.15 million bitcoins in circulation if am not mistaken.
The keyword was already said, limit.
No longer possible to generate new bitcoins after it's been reached. But you don't worry about that because it's estimated that it will be more than a hundred years until the last bitcoin will be mined.
So, we're no longer here anymore and that's likely.
While the answer to your question is, miners will work just to confirm transactions by that time if Bitcoin still exists by that year.
that's an interesting point too.