Mumtaz8418
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Bullish
#Btc 🗞️🗞️ ATTENTION ⚠️⚠️
Bitcoin, known for its decentralization and security, is facing concerns about its security model. Security expert Justin Drake highlighted a flaw in Bitcoin's Proof-of-Work mechanism, warning of potential threats to the cryptocurrency ecosystem. The decline in transaction fees, now at a 13-year low, poses a risk to miner revenue. Despite expectations of rising fees as block rewards decrease, data shows a contrary trend. Efforts to boost fees have not been successful, leaving Bitcoin's security reliant on diminishing block rewards. Drake proposed solutions like perpetual block rewards or a switch to Proof-of-Stake, but these ideas face resistance within the Bitcoin community. The debate also includes measuring fees in USD rather than BTC. Additionally, the threat of quantum attacks adds urgency to developing a sustainable security model for Bitcoin...
#Write2Earn #Write2Earn! #BTC #ETH $WCT
$LAYER
$BTC
Bitcoin, known for its decentralization and security, is facing concerns about its security model. Security expert Justin Drake highlighted a flaw in Bitcoin's Proof-of-Work mechanism, warning of potential threats to the cryptocurrency ecosystem. The decline in transaction fees, now at a 13-year low, poses a risk to miner revenue. Despite expectations of rising fees as block rewards decrease, data shows a contrary trend. Efforts to boost fees have not been successful, leaving Bitcoin's security reliant on diminishing block rewards. Drake proposed solutions like perpetual block rewards or a switch to Proof-of-Stake, but these ideas face resistance within the Bitcoin community. The debate also includes measuring fees in USD rather than BTC. Additionally, the threat of quantum attacks adds urgency to developing a sustainable security model for Bitcoin...
#Write2Earn #Write2Earn! #BTC #ETH $WCT
$LAYER
$BTC
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