Bitcoin Network Surpasses 18,500,000 BTC in Circulation

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Bitcoin’s total circulating supply has surpassed a major milestone of 18.5 mln coins, according to CoinMarketCap data.

88 percent of all coins that will ever exist in circulation have already been mined.

18.5 mln coins in existence 

The first Bitcoin block — which is known as the “genesis block” — was mined by Satoshi Nakamoto, the pseudonymous creator of the world’s largest cryptocurrency, on Jan. 3, 2009.

Its coinbase parameter contains the now-famous The Times headline about ex-British chancellor Alistair Darling considering a second bailout for banks. Another peculiar thing about block 0 is that the 50 BTC reward subsidy it received is unspendable.

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