From beginner to advanced — master exchanges, wallets and blockchain essentials
Disclosure: Crypto is a high-risk asset class. This article is provided for informational purposes and does not constitute investment advice. By using this website, you agree to our terms and conditions. We may utilise affiliate links within our content, and receive commission. You can read more about our editorial policy here. Cryptocurrency is a digital asset that functions as money, represents value, or performs a utility function on a blockchain. In this guide, we’ll explore the question, “What is cryptocurrency?” We’ll also discuss blockchains, how cryptocurrencies work, cryptocurrency exchanges, and how to use cryptocurrency. Let’s get started with some background first.
Bitcoin has a 21 million coin limit because its issuance schedule is fixed in the protocol, with halvings reducing new supply over time.
Is Bitcoin deflationary? In supply terms, mostly yes: Bitcoin has a fixed cap and slowing issuance. In practice, demand and circulation still matter.
About 450 bitcoins are created each day after four halvings, down from 7,200. This timeline explains the falling issuance and how to verify it.
