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Definição max supplysupply caphard cap

Maximum Supply

The largest number of units that can ever exist, for assets whose rules impose a hard limit.

Bitcoin is the standard example: the block subsidy halves every 210,000 blocks, and the resulting geometric series converges below 21 million units, a limit every node enforces by rejecting blocks that pay more. Many assets have no cap at all, including Ethereum, whose issuance follows a rule tied to how much is staked rather than a terminal total. For tokens, a stated maximum lives in contract code and is only as durable as that contract's mint permissions and upgrade path. Data providers therefore show maximum supply as a number, as unlimited, or as unavailable, and the distinction matters when computing fully diluted valuation.

Na prática

Bitcoin's limit is not a policy statement: it follows from the halving schedule that every node independently checks when validating a block's reward.

O equívoco comum

A stated maximum supply is only as strong as whatever enforces it; a contract with an owner who can mint has a marketing figure, while a consensus-enforced schedule has a real one.

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O valor ao qual isso corresponde

Maximum Supply

The largest number of tokens that can ever exist, where the code actually enforces a limit.

Limites: A maximum is only real if the code enforces it and the code cannot easily be changed; many published maximums come from a whitepaper or token-sale document and could be revised by a governance vote or a protocol upgrade. Assets with genuinely unbounded issuance, including Ethereum after its 2022…

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Termos relacionados

Circulating Supply The number of units of an asset currently held by the public and able to move, excluding locked or…
Emission Schedule The published plan for how many new units will be created over time and who receives them.
Fully Diluted Valuation The current price multiplied by the maximum or total eventual supply, showing what the asset would…
Token Issuance The creation of new units of an asset, either by a blockchain's own rules or by a contract that…
Total Supply Every unit of an asset that exists on-chain right now, including locked units, minus any that have…
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