What happens when bitcoins run out?

3 answers

• May 13, 2022 · 3 years ago
  Well, when all bitcoins have been mined, the Bitcoin network will still continue to function. Miners will no longer receive block rewards, but they will still earn transaction fees. This means that the incentive for miners will shift from creating new bitcoins to processing transactions and securing the network. So, even without new bitcoins being created, the network will still be able to operate.
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• May 13, 2022 · 3 years ago
  When bitcoins run out, it doesn't mean that the Bitcoin network will cease to exist. The network will continue to function as a decentralized and secure platform for peer-to-peer transactions. Miners will still play a crucial role in verifying transactions and maintaining the integrity of the blockchain. However, the dynamics of mining will change, as miners will rely solely on transaction fees for their rewards.
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• May 13, 2022 · 3 years ago
  After all bitcoins have been mined, the Bitcoin network will rely solely on transaction fees to incentivize miners. This means that transaction fees may increase as miners compete for limited space in each block. However, it's important to note that transaction fees are already a part of the Bitcoin ecosystem, and they have been gradually increasing over time. So, while the dynamics of mining will change, the network will still be able to function without new bitcoins being created.
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