Bitcoin and cryptocurrencies follow a decentralised economic model: unlike the process of printing money, their emission rate is transparent, immutable and fair.
Bitcoin has a fixed and controlled supply.
The rate of Bitcoin creation decreases with time, to converge towards a 21 million total supply. Every ten minutes, the blockchain records the number of new bitcoins created and to who it is rewarded.
Miners earn their return on investment in Bitcoin, from transactions fees and new Bitcoins added to the total supply. As the mining incentive stays constant, transaction fees increase over time with block rewards being inversely correlated to them.
The rate of mining Bitcoin is predictable and known to everyone on the network.
Bitcoin is a new kind of financial instrument that holds different fundamentals than conventional asset classes.
As Bitcoin is relatively new, financial regulators have not defined its nature thoroughly. Here we offer three different interpretations of Bitcoin.
With the emergence of smart contract development platform, digital assets can have various functions - virtually anything that can be programmed, thanks to Satoshi Nakamoto's pioneering innovation.