Will the number of bitcoins increase
The total number of bitcoins is 21 million
in 2009, when bitcoin was born, block reward was 50 bitcoins. Ten minutes after its birth, the first 50 bitcoins were generated, and the total amount of money at this time is 50. Then bitcoin grew at a rate of about 50 every 10 minutes. When the total amount reaches 10.5 million (50% of 21 million), the block reward will be halved to 25
when the total amount reaches 15.75 million (5.25 million new output, i.e. 50% of 1050), the block reward will be further halved to 12.5. The monetary system used to have no more than 10.5 million in four years, after which the total number will be permanently limited to about 21 million
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monetary characteristics
1. Decentralization: bitcoin is the first distributed virtual currency, and the whole network is composed of users without a central bank. Decentralization is the guarantee of bitcoin's security and freedom
2. Global circulation: bitcoin can be managed on any computer connected to the Internet. No matter where you are, anyone can dig, buy, sell or collect bitcoin
3. Exclusive ownership: private key is needed to control bitcoin, which can be stored in any storage medium in isolation. No one can get it except the user himself
4. Low transaction cost: bitcoin can be remitted free of charge, but a transaction fee of about 1 bitfen will be charged for each transaction to ensure faster transaction execution
5, no hidden cost: as a means of payment from a to B, bitcoin has no cumbersome limit of quota and proceres. If you know the other party's bitcoin address, you can pay
6. Cross platform mining: users can explore the computing power of different hardware on many platforms
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.
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is the solution of the equation. For example, one number of a function can only be 1, 0, and negative 1. Then there are only three finite solutions<
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money is only in the middle, and it has to be spent before it has value, so you are right about the second point. The loss of wealth
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it's possible that whoever has a big maker will follow him, just like the virtual currency now has a big bitcoin plate and a big maker
just for personal point of view, don't spray if you don't like it, thank you.
because the quantity is limited, it will not fluctuate with the fluctuation of financial currency. However, if the goods are converted into goods and traded in bitcoin, because the goods are affected by the fluctuation of market price, the quantity of bitcoin required will also change. To put it bluntly, it is not affected by finance, but it is reflected in the fluctuation of the value of goods and financial currency notes. In addition, this is like a rare item, because of its scarcity and speculation, it will also enhance its exchange value. With more and more people to develop, then the market price will eventually fall after reaching the peak in a period of time.
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