Davide
@0xdavide
đIn 2140 we will have the last BTC halving. Will we live that long? Already in 2 halving we will have a clear decrease in the "block reward", schematically we will have: âReduction of incentives for miners: with the decrease in block rewards, miners earn less BTC, making mining less profitable, especially if energy costs are high or the price of Bitcoin does not increase proportionally. âCentralization of mining: small miners could exit the market, leaving room only for large mining pools with lower operating costs. âDependence on transaction fees: with the reduction of rewards, the system relies more on fees to incentivize miners, but if the volume of transactions or fees are not high enough, the security of the network could decrease. âImpact on network security: If fewer miners participate, the network could become more vulnerable to potential attacks (such as 51%). These risks could be mitigated by: â An increase in the price of Bitcoin. â Increased network usage.
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