Bitcoin’s Upcoming Halving Exposes Long-Term Security Issues

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Bitcoin’s network security largely depends on block rewards, not transaction fees. Will fees alone be enough to sustain the network as halvings continue to erode miner revenues?

What does network security mean?

The decentralization and immutability of a blockchain network lies in its resistance to the double-spend problem. For proof-of-work, this means its resistance to the hashrate-related “51 percent attack.”

Controlling more than half of the network hashrate, and thus more than half…



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