The mysterious number of bitcoins: unpack the reason for choosing Satoshi
In 2009, a new cryptocurrency came out of the depths of the Internet, revolutionizing the way people think of money and digital transactions. Appointed Bitcoin, he quickly gained popularity among the first adopters, but they did not know that behind his revolutionary technology rested a deliberate decision taken by Satoshi Nakamoto, the pseudonym creator of the blockchain.
At the time, Satoshi worked on a white paper describing the concept of Bitcoin, which would later become the foundation of this digital currency. In the newspaper, he presented an intriguing idea: having a limited offer of bitcoins, fixing it at 21 million and using this rarity as a driving force behind the value of the asset.
Visionary thought of Satoshi
The choice of 21 million Satoshi was not arbitrary. It was based on mathematical principles that ensured the safety and sustainability of the Bitcoin network. By dividing the total offer into 21 million units, Satoshi was aimed at creating a decentralized system where no single entity could control or manipulate transactions.
This decision had several implications:
- The large immutable book : The use of a fixed number (21 million) guarantees that any modification of the blockchain is permanent and infiltrated.
- Parent of rarity : The limited offer creates an inherent value for each bitcoin, because there is no guarantee that the more will be created in the future.
- Decentralization : The decentralized nature of the network means that no single entity controls the creation or destruction of bitcoins.
Why 21 million?
Several factors have contributed to Satoshi’s decision:
- Mathematical commocalization : 2 ^ 53 – 1 ≈ 21 million is an incredibly large number, which makes it difficult for malicious actors to manipulate transactions and control the network.
- Need energy : The energy required to maintain a consensus rate of 21 million blocks per year was significantly lower than current estimates.
- Was walks : having only 21 million bitcoins placed in the stone meant that Satoshi could focus on the development of blockchain without worrying about future supply problems.
The importance of 21 million
The choice of Satoshi had large-scale implications for bitcoin and wider cryptocurrency space:
- Safety : The fixed number guarantees that transactions are secure and secure, which makes it difficult to handle or disturb the network.
- Stability : By limiting the offer, Satoshi maintained prices stability and prevented inflationary pressures.
- Community Trust : The decentralized nature of Bitcoin, linked to a fixed number of units, favored long -term community confidence.
An innovation innovation
Satoshi’s deliberate decision to set 21 million, the number of bitcoins has been recognized as one of the most important innovations in the history of cryptocurrencies. It presents the power of blockchain technology and the importance of decentralized innovation.
Today, Bitcoin remains a tag for alternative cryptocurrencies, with other projects based on the foundations laid by Satoshi. While we continue to explore new possibilities and challenges in the space of cryptography, it is clear that 21 million serves in principle director – a testimony of the visionary spirit behind one of the most revolutionary ideas of the Digital story.
Sources:
- Nakamoto Software (2008). Bitcoin Whitepaper.
- Cointelegraph (2017). How Satoshi chose 21 million for Bitcoin
- The Coindesk encyclopedia (2022). Ethereum
Note: This article is a hypothetical representation, because the true identity of Satoshi Nakamoto remains a mystery.
