Ethereum: An Unclear Future of Bitcoin and the Possibility of Limited Supply

The Ethereum Carpet has led to intense interest in cryptocurrency enthusiasts around the world. One of the most pressing issues related to digital assets is whether the number of bitcoins will continue to increase indefinitely or when the total supply will be maximum. In this article, we will investigated the current state of the situation and discuss the potential effects of Bitcoin value and acceptance.

Bitcoin Supply: Continuous Flow

For those who are unfamiliar, the concept of “supply” cryptocurrency means a total amount of coins that can exist at any time. In the case of Bitcoins, the supply is recorded through a process called mining. Mountains use powerful computers to solve complex mathematical equations that require significant calculation power and energy. As a reward for their efforts, the miners are credited to the creation of new bitcoins.

The number of bitcoins in circulation has increased steadily over the years. Some calculations indicate that by 2025 Bitscoins will be about 21 million. However, this is not a fixed number as new coins can still be created during mining and exchange.

Proof of Work (POW) Conundrum

One of the main concerns about Bitcoin supply is the Constant Issue of Work Proof (POW). Alough pow has been introduced to the promotion of miners to protect the net, it also has high environmental costs. The Energy Consumption Needed to Dig Bitcoins Has Become A Major Conern For Sustainability and Climate Change.

As the number of mountains grows, energy requirement also increased. 2020 Bitcoin’s Energy Consumption has been of all time in excess of 150 TWh (Terawatt Hours), which is approximately 20% of the Total German Electricity Generation. The POW impact has led to a wide range of criticism and calls for alternative work evidence systems or even a permanent hard upper limits of new bitcoins.

Ethereum Merger: Possible Solution

In response to increasing concern about Bitcoin supply, Ethereum has tried to create a more sustainable alternative. The future connection of Ethereum mainnet to its Sidechain will allow you to move from pow to promotion (POS) -energy savings algorithm.

The Ethereum Team has announced plans to launch a new cryptocurrency called Algorand, which will use a similar agreement to protect the network. However, it is still unclear whether this step will have a major impact on the Bitcoin supply of Bitcoin or whether it will cause a permanent hard cover.

Will there be limited supply?

Although the upcoming Ethereum merger can slightly facility environmental problems related to Pow, the question of whether the supply will be limited remains unclear. There are several factors that indicate that this may not be:

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However, there are also arguments claiming that the number of bitcoins can be limited in some way:

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Conclusion

The future of the Bitcoin supply is unclear as both possible solutions make reasonable argument for and against.