On April 1, 2022, records show that 19 million bitcoin have been mined into circulation.
When Satoshi Nakamoto created the Bitcoin network, the inventor set the maximum supply to 21 million, and research shows that the number is a hair less than 21 million.
A block is discovered roughly every ten minutes and the next block reward halving is expected to occur on or around May 3rd, 2024.
BTC’s issuance is programmed, mathematical, and ultimately predictable and this is why people can estimate the time frame between difficulty adjustment changes and when the next halving occurs.
While data shows there are 19 million bitcoins mined into existence, no one truly knows how many there really are in circulation.
However, Satoshi Nakamoto accounted for the lost coins dilemma when the inventor said that unobtainable bitcoins will make the crypto asset scarcer and therefore more valuable.
Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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