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The total amount of bsv coins issued

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2024-05-07 13:56:05993browse

The total number of BSV coins issued is 21 million. Similar to Bitcoin, it adopts a fixed halving issuance plan and is expected to reach the upper limit around 2140.

The total amount of bsv coins issued

Total BSV currency issuance

Total issuance :

The total issuance of Bitcoin Cash SV (BSV) is limited to 21 million.

Issuance Mechanism:

The issuance of BSV coins follows the same principle of Bitcoin mining, which is to verify transactions through complex calculations. Every time a miner successfully validates a block, they are rewarded with new BSV coins.

Issuance Speed:

The mining reward for BSV coins is halved every 210,000 blocks, a process that occurs approximately every four years. This process, known as “halving,” aims to gradually reduce the number of BSV coins in circulation, making it a scarce asset.

Current circulation:

As of February 2023, the number of BSV coins in circulation is approximately 19 million. This means there are approximately 2 million BSV coins that have yet to be issued.

Factors affecting the total issuance:

The total issuance of BSV coins is not affected by the following factors:

  • Forks: Even if BSV undergoes a fork, the total amount issued remains the same.
  • Lost or Stolen Coins: Lost or stolen BSV coins will not affect the total issuance.
  • Destruction: BSV coins cannot be destroyed, so the total issuance will not be reduced.

The limited issuance of BSV coins may lead to higher value and scarcity over time.

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