The Production Principle and Characteristics of Bitcoin
Speaking of the essence of Bitcoin, the essence of Bitcoin is actually a special solution generated by a series of complex algorithms.
A special solution refers to a set of finite solutions that can be obtained from a system of equations. Each specific solution can solve the equation and is unique.
Using the analogy of banknotes, Bitcoin is the serial number of a banknote. If you know the serial number on a banknote, you will own the banknote.
The process of mining is to continuously search for special solutions of the equations through a large number of calculations.
The equation system is only designed with 21 million special solutions, so the upper limit of Bitcoin is 21 million.