What happens when bitcoins are lost?
When a user loses his wallet, it has the effect of removing money out of circulation. Lost bitcoins still remain in the block chain just like any other bitcoins. However, lost bitcoins remain dormant forever because there is no way for anybody to find the private key(s) that would allow them to be spent again. Because of the law of supply and demand, when fewer bitcoins are available, the ones that are left will be in higher demand and increase in value to compensate.
Disclaimer: Includes third-party opinions. No financial advice. See Risk Warning.Address：https://www.btcya.com/ask/220.html
Latest Crypto News
-
Taking Zetachain as an example, how Ominchain implements chain abstraction
As the number of public chains and L2s increases, the demand for cross-chain assets and Dapps has also begun to increase. Cross-chain bridges are a common solution, but Omnichain has taken a completely different path....
2024-04-17 Trending -
Long or short? See what the experts say
There are only a few days left before the fourth halving of Bitcoin, but the top "masters" have completely different predictions for the future market....
2024-04-17 Trending -
Rune market starts, a must-read guide for beginners
Original text: "Navigating Runes Protocol Launch: Beyond the Initial Hype" Original author: Ignas, DeFi Research Compiled by: Ladyfinger, Blockbeats Editor&...
2024-04-17 Markets -
Polyhedra Network Partners with Google Cloud to Open ZK Proofs to Developers
Polyhedra Network said on social media that it has partnered with Google Cloud to bring ZK proofs to developers....
2024-04-17 Flash -
OKX will list Merlin Chain (MERL)
according to official news, OKX will launch Merlin Chain (MERL),...
2024-04-17 Flash