Thanks for answers! I still don’t understand how bitcoins are created with every block if there is a limited amount of btc though
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Thanks for answers! I still don’t understand how bitcoins are created with every block if there is a limited amount of btc though
My pleasure! :) When btc started, there were 50 new bitcoins created every block (10 minutes). Every 4 yearsish (i think) the amount of bitcoin created per block is split in half. So it went from 50 to 25 to 12.5 which is where we are now. In a couple years it will go down to 6.25 per block. Eventually there will be no more bitcoins created. That will be at around the 21 millionth bitcoin.
Hmm this only creates more questions! But you’ve helped plenty!