Only 1.8 Million Bitcoin Left To Mine – What Does This Mean For PrivaCrip and Dogecoin?

Bitcoin (BTC) was invented by an anonymous source using the pseudonym, Satoshi Nakamoto. Bitcoin has a maximum supply of 21 million unlike other crypto giants like Dogecoin (DOGE) whose supply is unlimited. Currently, there is 19.1 million Bitcoin in circulation, meaning there are only 1.8 million left to be mined. Dogecoin has no maximum supply, meaning users can mine DOGE endlessly. There is over 130 billion DOGE in circulation at the time of writing. PrivaCrip (PRCR) uses Proof-of-Stake (PoS) to operate, which is completely different from Bitcoin and Dogecoin’s Proof-of-Work (PoW) mechanism.  

Where Crypto Began – Bitcoin (BTC)

Bitcoin (BTC) has garnered attention from all over the globe. There are over 180 million Bitcoin users worldwide, making it the most popular exchange. A study found that 0.01% of Bitcoin holders control 27% of the total supply. The rarity of mining Bitcoin could drive miners to other platforms as the 21 million BTC mark looms closer. During the crypto crash, Bitcoin fell dramatically from $31,000 to $21,000. The huge dip resulted in many losing fortunes. However, Bitcoin has since been on the rise and bounced back to its current $22,985. Is it too little too late? It seems not. Bitcoin has proved the critics wrong and bounced back from crashes numerous times. The crypto giant’s market capitalisation is worth nearly half the crypto market!  

The Top Dog – Dogecoin (DOGE)

Dogecoin (DOGE) has been the king of all meme coins since its inception in 2013. Initially, it was created as a joke. However, the platform quickly gained popularity which resulted in multiple endorsements from Elon Musk. Each endorsement reached his huge following resulting in a price spike for DOGE. Bitcoin miners have tremendous computer setups to mine the coin. With Bitcoin having a limited supply, Bitcoin miners are likely to switch to another PoW platform to continue mining. It could mean Dogecoin will experience a new wave of miners once Bitcoin has run out as Ethereum intends to switch to PoS. Bitcoin running out might not be the only reason for increased traction on the platform. Billionaire entrepreneur, Mark Cuban, stated that Dogecoin has got more applications potentially available to it than Cardano (ADA).  

Ensuring Your Privacy – PrivaCrip (PRCR)

PrivaCrip (PRCR) is only one month away from its first presale stage. The crypto newcomer looks to restore privacy as a public right. Information leaks and hacks are far too common in today’s world and PrivaCrip looks to amend it. The PrivaCrip Network is an open-source, permissionless blockchain based on original privacy research. PrivaCrip can develop hundreds of new and powerful use cases for Web3 by fusing blockchain technology with ground-breaking privacy technology. The small amount of Bitcoin left to be mined may result in users switching to PrivaCrip. One of the main advantages of Bitcoin is user anonymity, meaning that transactions can’t be traced to the user. With PrivaCrip’s privacy-preserving technology, users can easily adjust to the ecosystem.  

Final Thoughts

When Bitcoin eventually runs out, many miners will be looking for their next mining platform. Dogecoin would be a viable alternative as you receive 10,000 DOGE per block mined compared to Bitcoin’s 6.25 BTC per block. However, due to user privacy protection and security over assets being a top priority for the PrivaCrip platform, many Bitcoin whales may opt for PrivaCrip.  

For more information on PrivaCrip (PRCR), visit the following links:

Presale: http://join.privacrip.io/ Website: http://privacrip.io/ Telegram: https://t.me/PrivaCripOfficial