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It’s Time to Admit It – There Are Only 2.1 Quadrillion Bitcoins

  • There are only 2.1 quadrillion monetary units (bitcoins) in the Bitcoin protocol.
  • A proposal called BIP 21Q suggests renaming the smallest unit of Bitcoin from satoshis to bitcoins.
  • The proposal aims to simplify Bitcoin denomination and make it easier for new users.
  • The larger BTC denomination would still exist alongside the renamed smaller unit.

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