Maximum bitcoin count
The concept of 21 million
bitcoin was first proposed by Nakamoto in 2009. According to Nakamoto's idea, open source software was designed and released, and P2P network was built on it. Bitcoin is a kind of P2P digital currency. Point to point transmission means a decentralized payment system
bitcoin is not issued in unlimited quantity, which is different from most currencies. Bitcoin does not rely on a specific currency issuer. But according to the specific algorithm, through a large number of calculations. Its circulation is controlled by software algorithms. The total number is 21 million
extended materials:
generation principle
starting from the essence of bitcoin, the essence of bitcoin is actually the special solution generated by a bunch of complex algorithms. A special solution is one of the infinite (in fact, bitcoin is finite) solutions that can be obtained from the equations. Every particular solution can solve the equation and is unique[ 10] In the metaphor of RMB, bitcoin is the serial number of RMB. If you know the serial number of a note, you have the note. The process of mining is to constantly seek the special solution of this equation system through a huge amount of calculation. This equation system is designed to have only 21 million special solutions, so the upper limit of bitcoin is 21 million
to mine bitcoin, you can download the special bitcoin computing tools, register various cooperation websites, fill the registered user name and password into the computing program, and then click the operation to officially start. After completing the installation of bitcoin client, you can directly obtain a bitcoin address. When others pay, you only need to paste the address to others, and you can pay through the same client. After installing the bitcoin client, it will distribute a private key and a public key. You need to back up your wallet data containing your private key to ensure that your property is not lost. Unfortunately, if the hard disk is completely formatted, personal bitcoin will be completely lost
21 million. Now the price of bitcoin is almost 70000
theoretically, 2100 trillion, or 250.899. In terms of selecting this value, this number is far less than 264-1, which is the largest integer that can be stored in the form of standard integer in a computer. If it exceeds that value, the bitcoin value will return to zero like a odometer
but this is only theoretical, just theoretical. Just like the previous IP address regulations, no one expected that V4 would be used up so quickly. Now it is necessary to use V6. This so-called "maximum integer that can be stored in the form of standard integer" may be broken by the technology upgrade one day a year later, followed by the collapse of the whole bitcoin computing.
in the first four years, 50 pieces were g out every ten minutes: 50 * 6 * 24 * (365 * 4 + 1) = 10519200 pieces
in the second four years, 25 pieces were g out every ten minutes: 25 * 6 * 24 * (365 * 4 + 1) = 5259600 pieces
according to the sum formula of infinite equal ratio sequence, the final total amount is infinitely close to 21038400 pieces (10519200 * 2)
as long as the mining rules are not changed, the number of bitcoins will never exceed 21038400
the risk of all financial procts is that after the depreciation of the financial procts, they may not appreciate or return to the price when you bought them on time
that is, your property is trapped in it, and you are unwilling to sell it after devaluation. Wait, I don't know that you can't get it back until the end of the year. Maybe, just like China's stock market, you can't stop losing. The more you wait, the more you lose
In the algorithm of bitcoin, the generation of new bitcoin is limited by period and quantity. According to the algorithm, 50 bitcoins will be generated every 10 minutes from the beginning, and the efficiency will be halved every four years. By 2140, 21 million bitcoins will be completely g up
As a popular new currency, it is publicly prohibited in many countries, but there are still unfair transactions in some countries, including Tesla's bitcoin gene exchange. In a few hours, the 18 millionth bitcoin will be mined, which is also the first cryptocurrency in the world. It's a step up to 20 million{ RRRRR}
one of the difficulties for the current global graphics card is caused by bitcoin, because many bitcoin mine owners used to mine it to obtain benefits., As a result, they buy a lot of equipment, including a lot of electricity, to dig, which is a blow to a global instry