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No more bitcoin can be created and units of bitcoin cannot be destroyed. Every , blocks, or about once every four years, the number of bitcoin received from each block reward is halved to gradually reduce the number of bitcoin entering the space over time. It is the crypto market standard, benchmarking billions of dollars in registered financial products and pricing hundreds of millions in daily over-the-counter transactions. Crypto to Crypto. This method of requiring miners to use machines and spend time and energy trying to achieve something is known as a proof-of-work system and is designed to deter malicious agents from spamming or disrupting the network.