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Updated info about bitcoin at the bottom (#25606)

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* Updated info about bitcoin at the bottom

* fix: moved text to more appropriate section and cleaned up
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Alvin Tan
2018-12-06 14:38:26 -05:00
committed by Christopher McCormack
parent a3c185af2c
commit 8919f4fa6e
1 changed files with 2 additions and 0 deletions
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guide/english/blockchain/cryptocurrency/index.md
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@ -21,6 +21,8 @@ Unlike normal currency, cryptocurrency is infinitely divisible and can be exchan
Bitcoin is a deflationary currency as opposed to most Fiat currencies which are affected by inflation over time. There is a max cap on the amount of Bitcoins that can be mined which is 21 million. The circulating supply of Bitcoin has surpassed 17 million. This means that over 80% of the Bitcoins which will be ever be mined, have already been mined.
Upon the completion of mining, it does not necessarily mean the end of data mining as miners can still be incentivized in other methods, namely through transaction fees by other user in order to be included in the ledger.
It will take over 100 years to mine the last bitcoin, ensuring that this cryptocurrency will be a viable option to fiat currency for decades
Every cryptocurrency has three layers: