Bitcoin's limited provision is near to get more limited. Excluding an unexpected event, the 17 millionth bitcoin is expected to be mined in the coming day, data from Blockchain.info shows, a development that would score another milestone for the globe's first cryptocurrency. That is due as per bitcoin's present rules, merely 21 million bitcoin can constantly be created.
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Stepping back, the landmark, the first million-bitcoin pointer to be crossed since mid-2016, is perhaps noteworthy as another reminder of the innovation’s key computer science accomplishment - digital scarcity established and enabled by shared software.
[Video] The 17 Millionth Bitcoin Is About to Be Mined: What It Means and Why It Matters
if that much new coins are mined then the price may drop
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Only for now, but at the end of it all, bitcoin value will sharply shoot.
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