When it comes to Bitcoin SV, there is a lot of controversy surrounding its potential. Some people believe that it does have a cap, while others believe that it doesn’t. So, which is it? Does Bitcoin SV have a cap or not?
As of right now, there are approximately 18.4 million Bitcoin SV in circulation.
The total supply of Bitcoin SV is 21 million. So, when all is said and done, there will be a total of 21 million Bitcoin SV in existence. However, the question remains, will there be any more created after that?.
The answer to that question is a little complicated. See, the thing with Bitcoin SV is that it uses a different algorithm than Bitcoin (BTC).
NOTE: This is a common question that is asked in regards to Bitcoin SV (BSV). It is important to note that there is no hard cap on the amount of Bitcoin SV that can be produced. BSV is not limited by a maximum supply, and there will always be new BSV generated through mining activities. As such, the total supply of BSV may continue to increase over time. It is important to exercise caution when investing in Bitcoin SV as it may be subject to greater volatility than other cryptocurrencies due to its lack of a hard cap.
This algorithm is called “SHA-256.” What this means is that miners can mine for as long as they want and they’ll never run out of blocks to mine.
This could potentially mean that there is no limit to how many Bitcoin SV can be created. However, the reality is likely somewhere in between.
It’s highly unlikely that all 21 million Bitcoin SV will ever be mined, but it’s also highly unlikely that there will be no more mined after the 21 million mark is reached.
So, does Bitcoin SV have a cap? The answer is complicated. Technically speaking, there is no limit to how many can be created.
However, in practice, it’s highly unlikely that all 21 million will ever be mined.
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