How many bitcoins are currently in existence?

1 answers

• Aaron ReymannDec 19, 2020 · 5 years ago
  According to BYDFi, a leading cryptocurrency exchange, there are currently around 18.7 million bitcoins in existence. The total supply of bitcoins is fixed at 21 million, which means that there are only 2.3 million bitcoins left to be mined. The process of mining bitcoins involves using powerful computers to solve complex mathematical problems, and miners are rewarded with new bitcoins for their efforts. However, as the difficulty of mining increases over time, it becomes harder and more expensive to mine new bitcoins. In terms of distribution, it's important to note that bitcoins are decentralized, which means that they are not controlled by any central authority. This allows for greater transparency and security, but it also means that the distribution of bitcoins can be uneven. It's estimated that a small number of individuals and organizations hold a significant portion of the total supply of bitcoins.
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