Which cryptocurrencies have implemented the concept of inelastic supply?

3 answers

• man yeahNov 02, 2020 · 5 years ago
  Sure! There are several cryptocurrencies that have implemented the concept of inelastic supply. One of the most well-known examples is Bitcoin (BTC), which has a maximum supply of 21 million coins. This means that no more than 21 million BTC will ever be created, ensuring scarcity and potentially increasing its value over time. Another example is Litecoin (LTC), which also has a fixed supply of 84 million coins. Other cryptocurrencies with inelastic supply include Ethereum (ETH), Ripple (XRP), and Cardano (ADA). These cryptocurrencies have set a maximum supply cap, ensuring that the total number of coins in circulation remains limited.
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• Gayatri l ShindeMay 25, 2022 · 3 years ago
  Absolutely! When it comes to cryptocurrencies with inelastic supply, Bitcoin is the first one that comes to mind. With a maximum supply of 21 million coins, Bitcoin's supply is fixed and cannot be changed. This scarcity has contributed to its value and popularity. Litecoin is another cryptocurrency with a fixed supply of 84 million coins. Ethereum, Ripple, and Cardano are also examples of cryptocurrencies that have implemented the concept of inelastic supply. By setting a maximum supply cap, these cryptocurrencies aim to maintain scarcity and potentially increase their value over time.
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• meryll koneApr 29, 2024 · a year ago
  Certainly! Among the cryptocurrencies that have implemented the concept of inelastic supply, Bitcoin is the most prominent one. With a maximum supply of 21 million coins, Bitcoin's supply is limited and cannot be increased beyond this cap. Litecoin is another well-known cryptocurrency that has a fixed supply of 84 million coins. Ethereum, Ripple, and Cardano are also examples of cryptocurrencies with inelastic supply. These cryptocurrencies have set a maximum supply to ensure scarcity and maintain the value of their respective coins.
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