80% of Bitcoin Worldwide Has Been Lost Mined

WORLD- The high interest of investors in Bitcoin make the stock of digital currency is increasingly eroded. Based on BitcoinBlockHalf, the site responsible for dividing the acquisition of miner Bitcoin, so far has been more than 16.8 million BTC already mined.

This means, about 80% of total Bitcoin has been circulated. As is known, Satoshi Nakamoto the creator of Bitcoin, it limits only 21 million Bitcoin in the world.

As stated in the first proposal on cryptocurrency, this unidentified figure deliberately limits Bitcoin's stock to create scarcity and reduce inflation.

Thursday (18/1/2018), during this sedekade, the people behind Bitcoin operational managed to secure the rule.

However, some argue, there are a number of ways to manipulate it so that the stock increases, one way that is by utilizing attacks named 51% and Sybil.

The speculation leads to the theory that, Satoshi has completed one of the most complex computer calculations, namely Byzantine Generals Problem.

This issue is a gap in the security system that allows incoming attacks making it difficult for computer protocols to overcome them.

This stock restriction at once distinguishes it from about 1,300 other cryptocurrencies that could have billions of inventories for distribution.

To date, from every block that has been successfully mined, miners will get 12.5 BTC. Then from every 210 thousand blocks, that number will decrease by half, to 6.25 BTC.

Initially, this cryptocurrency enacted 50 BTC policies per block, divided into 25 BTC on 28 November 2012.

Based on the fact that as many as 1,800 Bitcoin are made every day, BitcoinBlockHalf predicts a similar new policy will be re-implemented on June 6, 2020.

With such a division system, it is believed that the remaining 4.19 Million Bitcoin will not be exhausted until 2140.