Replying to Avatar Ingwie Phoenix (aka. birb)

#asknostr Related to #bitcoin

There are two things I heared of: "Halving" and "fixed supply".

What exactly is the halving? Does that mean that if you own, lets say 0.0001 BTC, you would own 0.00001 (one more 0) BTC after the halving?

And, how exactly is BTC "fixed supply"?

You can also just link me something, I am just curious. :)
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MistaGoodStuff 2y ago

The Proof of Work mining rewards gets halved.

Currently 6.25 BTC halving to 3.125.

Fixed supply means there will never be more than the 21M Bitcoin in existence.

Hope this helps 👍

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