Will Bitcoin Be Sustainable Going Into The Future?
With Bitcoin mining using as much power as entire countries and the cryptocurrency being used to fund fraud and other not-so-legal activities among many other challenges, the question of whether it will eventually replace traditional finance systems despite these quarks is a constant one for both the naysayers and enthusiasts of the cryptocurrency. Bitcoin's original source code stipulates that there can ever be 21 million coins that can be mined . Since its inception in 2009, over 18 million Bitcoins have been mined, leaving less than 3 million to still be mined. When one gets to understand how Bitcoin mining works and what will happen when all the Bitcoins have been mined, the question of Bitcoin's sustainability going forward becomes a little less opaque but not entirely clear neither. How Bitcoin mining works is that for every successful verification of a block, the process which uses up huge computer processing power to solve complex mathematical problems which enable
