Bitcoin will undoubtedly become more popular. While many people have already heard of Bitcoin, not many own it. An interpretation. As a digital currency, Bitcoin has set limits on the supply side. The maximum number of Bitcoins is limited to 21 million. The current total amount is just under 18 million coins. Newly created Bitcoins are distributed to the miners as remuneration. The miners contribute computing power to ensure the blockchain system. At this stage, 12.5 newly created Bitcoins for new calculated blocks are transferred to miners. This happens every 10 minutes, what allows to calculate the current inflation rate,…
