I'm wondering about the potential impact on
Bitcoin if mining activity suddenly comes to a halt. Will it affect the value or usability of Bitcoin in any way?
7 answers
SamuraiWarriorSoulful
Wed Dec 25 2024
This consensus mechanism ensures the integrity and security of the blockchain.
Elena
Wed Dec 25 2024
In the absence of mining, no new blocks will be generated.
Tommaso
Wed Dec 25 2024
The operation of the
Bitcoin network relies heavily on miners.
Bianca
Wed Dec 25 2024
Consequently, no new transactions will be validated or appended to the blockchain.
HallyuHero
Wed Dec 25 2024
If miners decide to cease their mining activities, the network will face significant challenges.