BitShares Forum

Main => Technical Support => Topic started by: mostar on April 04, 2015, 10:52:11 am

Title: Coin total supply
Post by: mostar on April 04, 2015, 10:52:11 am

Hello,

I could not find clear documentation abut the coin supply.
How new coins are created?
Is there any limit and time frame?

Thanks

Title: Coin total supply
Post by: xiahui135 on April 04, 2015, 11:05:32 am

Now it is about 2.5billion, tens of years later it might be 3.7billion at most.

Title: Re: Coin total supply
Post by: mdj on April 04, 2015, 11:09:22 am

New coins are created through being issued to delegated determined by their pay rate. If we had 101 100% paid delegates and for some reason weren't burning any BTS through fees then the max supply could hit 3.7billion eventually (this is very unlikely). At the moment it's about 2.5billion and we have around 30 100% paid delegates.

Title: Re: Coin total supply
Post by: testz on April 04, 2015, 11:12:28 am

Quote from: mostar on April 04, 2015, 10:52:11 am

Hello,

I could not find clear documentation abut the coin supply.
How new coins are created?
Is there any limit and time frame?

Thanks

Here the nice chart: https://bitsharesblocks.com/charts/supply

Title: Coin total supply
Post by: xiahui135 on April 04, 2015, 02:48:09 pm

Do not make people think. I think we should not tell it is uncertain, we need not let people caculate. An up limit figure is needed when marketing.

Title: Re: Coin total supply
Post by: Troglodactyl on April 04, 2015, 03:22:19 pm

Quote from: mostar on April 04, 2015, 10:52:11 am

Hello,

I could not find clear documentation abut the coin supply.
How new coins are created?
Is there any limit and time frame?

Thanks

New shares are created in each block, and the maximum number of new shares per block decreases over time, like Bitcoin.  The maximum supply that could be reached is just under 3.7 billion.  New shares go to workers elected by the shareholders to code, market, and provide services, rather than to miners.  The shareholders aren't paying workers nearly as much as the system allows, and some shares are also destroyed, so the actual maximum supply will be much lower than the theoretical maximum.

This site provides a good overview:
https://bitsharesblocks.com/charts/supply (https://bitsharesblocks.com/charts/supply)

Title: Re: Coin total supply
Post by: 4rzun4 on April 18, 2015, 03:58:39 pm

I look at the total supply: 2,507,638,902 BTS
Its right?