What will happen once all Bitcoin are mined?


Bitcoin is created via a course of referred to as mining. Using supercomputers, these miners affirm transactions on the Bitcoin blockchain and are rewarded for his or her efforts within the type of newly-created Bitcoin. These funds are referred to as block rewards. 

Through a course of referred to as halving, block rewards will proceed to be halved at a decided charge till there are 21 million Bitcoin in circulation. When this occurs, someday across the 12 months 2140, no new cash will be created ever once more. After this milestone is reached, the miners will be paid in transaction charges. 

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