Understanding Digital Scarcity
Through mining, only 21M of BTC coins will be released into circulation by the Bitcoin protocol.
Through mining, only 21M of BTC coins will be released into circulation by the Bitcoin protocol.
BTC coins are digitally scarce. However, this feature is not unique to Bitcoin. Creating digital scarcity is an easy concept to copy. Through staking, Cardano will release only 45B of ADA coins into circulation. Also, ADA coins are digitally scarce.
What about tokens and NFTs? In this article, we will explain what digital scarcity is and what it depends on. What is digital scarcity? Digital scarcity refers to the verifiable and enforced limitation of a digital asset’s supply through the use of blockchain technology, which relies on distributed software and decentralization.
This ensures that the asset cannot be replicated or counterfeited, maintaining its value and uniqueness. Digital Read article: Understanding Digital Scarcity
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