13min chapter

The Bitcoin Layer cover image

Teaching Bitcoin Part 3: How Bitcoin’s Supply Is Fixed

The Bitcoin Layer

CHAPTER

The Immutable Rules of Bitcoin Supply

This chapter explores the fixed supply of Bitcoin and the significance of its core principles, particularly the unchangeable limit of 21 million coins. It emphasizes the importance of the underlying rules encoded in Bitcoin's software and the necessity for users to verify the authenticity of their operating software. Additionally, it discusses potential threats to Bitcoin's integrity, such as a 51% attack and the implications of altering its foundational rules, whilst reinforcing the stability provided by the current block generation timing.

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