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Question about after 21 million bitcoins have been produced.
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Now, correct me if I am wrong, but from what I understand, blocks are just data from transactions, and the miners add this block to the block chain, and in return will receive Bitcoins as a reward? Now, from this, what happends we we near 21 million generated coins where it takes much too long to generate that coins for it to be worth the miners cost of hardware ect.? or once 21 million is reached, and miners just stop. How will blocks get added to the block chain?
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- Posted
- 11 years ago
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