Imagine you have a big piggy bank, and you want to know how many coins you can put in it over time. This equation helps you figure that out for Bitcoin.
The equation is just a way to add up all the coins you put in your piggy bank over time. In which it helps you figure out the total number of coins in the piggy bank, which is the Bitcoin supply cap.
Every time you add coins, you can add them in big piles in 210,000 coins.
So, you start with 50 coins and put them in your piggy bank. Every time you add coins, you divide the number of coins by 2 each time. You keep doing this until you've done it 33 times (from 0 to 32).
Imagine you have a big piggy bank, and you want to know how many coins you can put in it over time. This equation helps you figure that out for Bitcoin.
The equation is just a way to add up all the coins you put in your piggy bank over time. In which it helps you figure out the total number of coins in the piggy bank, which is the Bitcoin supply cap.
Every time you add coins, you can add them in big piles in 210,000 coins.
So, you start with 50 coins and put them in your piggy bank. Every time you add coins, you divide the number of coins by 2 each time. You keep doing this until you've done it 33 times (from 0 to 32).