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CRYPTOCURRENCY,BITCOIN AND BITCONNECT CONTINUATION
So what is MINING, you may ask?
MINING is the process that creates new coins thereby increasing the volume in circulation..
The difference between crypto currency and fiat money is the amount in circulation. Cryptocurrency has a fixed supply volume in its lifecycles whereas fiat money doesn't
Bitcoin has a total lifecycle supply volume of 21 million coins.Presently, a total of 16.39 million of bitcoin units has been mined and in supply with the last 7% phase scheduled to be mined in the next hundred years.
BITCONNECT has MAXIMUM coin supply of 28 millions with current available supply being 6 millions.
Replies (2)
This is very informative at the basic level, gives great understanding for beginners, i'll upvote and resteem. Please give us a more in depth article on the subject.
Thank you so much.
More are coming