Cryptocurrency is a type of digital currency, the issuance, and management of which is based on cryptographic methods. Usually, the emission of cryptocurrencies is decentralized. Most digital currencies have an upper limit on the amount they can issue. Bitcoin is no exception.
How Bitcoin Is Issued?
The essence of such an operation is the generation and building of new blocks in a chain connecting old and new data, confirmation of transactions through the calculation of cryptographic hash functions.
Bitcoin is issued in a logarithmic progression until it reaches 21 million bitcoins. The issue of currency is associated with the formation of new blocks with a halving of remuneration every 4 years (halving). As of mid-2021, 89% of bitcoins were issued. Given the increasing complexity of the network, the issue will be completed by 2140.