Finite Nature and Numerical Supply of Satoshis in the Bitcoin Network
The finite nature of the Bitcoin network refers to the limited supply of 21 million bitcoins, as defined by the network’s creator, Satoshi Nakamoto. Numerical supply, on the other hand, describes the total number of bitcoins in circulation, which is currently around 19.3 million. This limit is enforced by the Bitcoin protocol, ensuring scarcity and potential value appreciation over time. This supply cap is a crucial factor in Bitcoin’s monetary policy, influencing its value proposition, price dynamics, and adoption as an alternative asset and potential store of value.
