The original protocol calls for a top limit of 21 million bitcoins – and the first code allows new bitcoins to be created, or mined, at a rate that halves every four years until 21 million is reached. Miners use computing power to solve mathematical problems and are rewarded with bitcoins as they do.
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Why is Christian Science in our name?
Our name is about honesty. The Monitor is owned by The Christian Science Church, and we’ve always been transparent about that.
The Church publishes the Monitor because it sees good journalism as vital to progress in the world. Since 1908, we’ve aimed “to injure no man, but to bless all mankind,” as our founder, Mary Baker Eddy, put it.
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Bitcoin FAQ: 7 semi-clear answers to your questions
It can be difficult to grasp the concept of Bitcoin and other 'cryptocurrencies.' Trust us, it's a challenge to explain it clearly, too. Here's a primer on what Bitcoin is and how it works.
6. How are new bitcoins created?
