Entries by Lafax

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Everyone is always asking me “will I have the new bitcoins in my wallet ?”, “do I need to put them on an exchange ?” and stuff like that. Let’s clarify a few things. First of all, it’s very important to understand that your bitcoins are not in your wallet and they are not on […]

Why is the limit 21 million BTC?

How was the 21 million Bitcoin limit chosen ? This limit doesn’t actually exist in the code that’s behind Bitcoin, but it’s a direct consequence of three built-in parameters of this crypto project. Satoshi Nakamoto established a 50-bitcoin reward for each mined block; This reward is cut in half every 210000 blocks; The indivisible minimum […]