Who controls the supply of bitcoin and how is it regulated?

3 answers

• abcNov 16, 2020 · 5 years ago
  Bitcoin operates on a decentralized network, which means that no single entity or organization controls its supply. Instead, the supply of bitcoin is regulated by a consensus mechanism known as mining. Miners use powerful computers to solve complex mathematical problems, and in return, they are rewarded with newly created bitcoins. This process is designed to be fair and secure, as it requires a significant amount of computational power to mine new bitcoins. Additionally, the total supply of bitcoin is limited to 21 million coins, ensuring that it remains a scarce and valuable asset.
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• Anurag GcSep 18, 2023 · 2 years ago
  The supply of bitcoin is regulated through a process called halving. Approximately every four years, the number of new bitcoins created and earned by miners is cut in half. This halving event is programmed into the bitcoin protocol and is designed to control inflation and ensure the scarcity of bitcoin. As the supply of new bitcoins decreases over time, it becomes increasingly difficult to mine them, which helps to maintain the value of existing bitcoins. This process is automated and does not require any specific entity or organization to oversee it.
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• PRADEEPA M CCENov 13, 2022 · 3 years ago
  As an expert in the field of digital currency, I can tell you that the supply of bitcoin is not controlled by any central authority or organization. It is a decentralized system that operates on a peer-to-peer network. This means that no single entity has the power to manipulate the supply of bitcoin or regulate it in any way. Instead, the supply is determined by the consensus of the network participants, who follow a set of predefined rules and protocols. This ensures that bitcoin remains a transparent and trustless currency, free from the influence of any third party.
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