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Definition · Economics

Was ist 21 million cap?

Bitcoin's maximum supply, which emerges from the halving schedule rather than being set as a separate parameter.

Sum the block subsidy across all halving epochs and the series converges just under 21 million. The cap is not a rule someone could edit in isolation; it is a consequence of the issuance schedule every node enforces.

The final fraction will be issued around 2140, though the practical effect of issuance ends far earlier: over 99% will have been mined decades before.

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