80% of all Bitcoins are Excavated

in #bitcoin7 years ago

The Bitcoin mosque has left behind an important period as of January 13: 80% of the 21 million bitcoins were excavated. Only 4.2 million BTC left to be excavated.

All BTCs are limited to 21 million, as Satoshi Nakamoto wrote in the 2008 White Paper. We can say that the reason behind this decision is to make "value construction". The limited number of BTCs makes each coin even more valuable, even if it does not increase the demand for them. When all 21 million BTC are produced, it will become more difficult to obtain crypto money.

The miners already receive a prize of 12.5 BTC per block as a prize. Nakamoto's protocol, however, says the award will be cut every 210,000 blocks, or about four years. The next half-time is estimated to be in 2020 and the prize will be reduced to 6.25 BTC.

It is not possible to say that every digital money is digged like BTC. Some of the tokens or tokens are offered to the users as some crypto money is put on the market. Examples of unscrabble tokens are crypto parcels such as Ripple, IOTA, NEM, NEO, Qtum, Omisego, Lisk, Stratis, Waves and EOS.

Increase the total number of tokens

Some groups in the market have offered to increase 21 million by various methods (such as 51 percent or Sybil attack), but such plans are not currently feasible. The ERC-20 token is the first and only example of this subject, with 51% of the Krypton network's August 2016 release.

On the other hand, there is uncertainty in the crypto money market. Bitcoin is traveling at the same levels without seeing a great price movement. The next price movement is waiting for the entire market with curiosity.

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