Only 10% of the Bitcoin supply remains to be mined
https://ift.tt/3GKvB1p
​
https://ift.tt/3q4FdNT
A surprising revelation regarding Bitcoin was made on Monday morning. Total circulating Bitcoin (BTC) achieved a crucial breakthrough, one and half years after the last Bitcoin splitting, by mining approximately 90% of the total supply.
The circulating Bitcoin has hit 18.899 million on Monday, leaving only 10% to be mined, according to Blockchain.com. However, mining the remaining 10% will consume more time as compared to mining of 90% BTC that took about 12 years.
The secretive developer of Bitcoin, [Satoshi Nakamoto](https://ift.tt/1hcWuMY), set a strict limit of 21 million coins. The restrictions are coded into the source code of Bitcoin and maintained by network participants. Therefore, Bitcoin’s value proposition as a currency and an investment tool is dependent on its hard cap.
Full News: [https://www.blockchain-council.org/news/day-long-news-roundup-latest-news-14-12-21/](https://www.blockchain-council.org/news/day-long-news-roundup-latest-news-14-12-21/)
Cryptocurrency
