18.89 million units were issued, which corresponds to 90% of the total supply of 21 million units of Bitcoin, which was first started to be issued on January 9, 2009. While this process took 12 years, it is estimated that it will take until February 2140 to remove the remaining 10% due to the “halving programs”.
“proof of workBitcoin, which works with the ” system, “mining“”, which continuously performs block verifications and monitors the transaction processes”minersIt is based on the system created by people named ”.
At the moment, miners dig for everything they dig.block” while earning 6.25 Bitcoin for “ in 2024halvingAfter the ” operation, this number will change to 3.125.
Even if the entire supply of Bitcoin is mined, the amount of Bitcoin circulating in the market Not expected to be 21 million units. crypto analytics firm chainalysisAccording to wallet owners “private keysdue to various reasons such as his loss or death. 3.7 million Bitcoinscannot be reached. On the other hand, in the hands of Sataoshi Nakamoto 1 million Bitcoins known to have.