HanjiArtistryCraftsmanship
Wed Jul 17 2024
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12 answers
2276
Will Bitcoin's security budget come from transaction fees?
Given the volatile and ever-changing nature of the cryptocurrency landscape, the question arises: Will Bitcoin's security budget continue to be primarily funded through transaction fees? With miners incentivized by block rewards diminishing over time, is the sustainability of relying solely on fees to maintain the network's robust security infrastructure assured? Furthermore, how will this model adapt to future challenges, such as increased competition from alternative cryptocurrencies or technological advancements that may alter the economic incentives? The question demands a nuanced understanding of Bitcoin's economic model and how it may evolve in the future.
