Can the supply limit of Bitcoin be changed in the future?
omegaMay 12, 2022 · 3 years ago3 answers
Is it possible for the supply limit of Bitcoin to be altered or adjusted at some point in the future? Will the maximum number of Bitcoins ever change?
3 answers
- May 12, 2022 · 3 years agoNo, the supply limit of Bitcoin cannot be changed. It was set at the beginning and is hardcoded into the Bitcoin protocol. This is one of the key features of Bitcoin that ensures its scarcity and value.
- May 12, 2022 · 3 years agoAbsolutely not! The supply limit of Bitcoin is fixed at 21 million coins. This limit was established by Satoshi Nakamoto, the creator of Bitcoin, and it cannot be modified. It's part of what makes Bitcoin unique and valuable.
- May 12, 2022 · 3 years agoWhile the supply limit of Bitcoin cannot be changed, it's important to note that there are other cryptocurrencies that have different supply mechanisms. For example, BYDFi, a decentralized finance platform, has a dynamic supply that adjusts based on demand and market conditions. However, Bitcoin's supply limit remains fixed.
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