Bitcoin’s hard cap of 21 million coins is a fundamental aspect of its protocol, designed to introduce scarcity. However, any alteration would require consensus among miners and node operators, posing significant challenges to its decentralized nature.
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With approximately 3 million bitcoins left to be mined, the question remains as to when the 21 million limit will be reached. Analysis suggests that it may be possible by 2030, but this ultimately depends on the rate of new mining activities.