Bitcoin Detail

About Bitcoin Detail

See Bitcoin entry. The total supply is capped at 21 million coins. New bitcoins are created by mining, which involves computers solving cryptographic puzzles. The block reward halves approximately every four years in an event called the halving. The first halving occurred in 2012, the second in 2016, the third in 2020, and the fourth in 2024. Major companies including Tesla, MicroStrategy, and El Salvador hold bitcoin on their balance sheets. El Salvador adopted bitcoin as legal tender in 2021.