Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ETHEREUM NEWS»Bitcoin’s contraction fee can cause fallout of the entire encryption.
ETHEREUM NEWS

Bitcoin’s contraction fee can cause fallout of the entire encryption.

By Crypto FlexsMay 29, 20253 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Bitcoin’s contraction fee can cause fallout of the entire encryption.
Share
Facebook Twitter LinkedIn Pinterest Email

Justin Drake, a researcher at Ethereum Foundation, has raised alarms on long -term security of BTC (Bitcoin).

In a detailed post on May 29, DRAKE argued that the Bitcoin network could be more and more vulnerable to 51% attacks in Bitcoin Network, which is a scenario where a single entity gets a lot of control over the computing ability of the blockchain.

Reduction of bitcoin fees

According to Drake, Bitcoin’s commission structure has not evolved with half a schedule.

He pointed out that the recent half of the three events have reduced block compensation over the past eight years, but the transaction fee has not increased enough to offset the fall.

According to him, only 1%of the current miner revenue falls from the previous level and donates near the 13 -year minimum of about 6.5 BTC a day.

Bitcoin network transaction fee (Source: Alphractal)

Considering this, Drake said:

“Bitcoin’s security model has been destroyed. If Bitcoin is acquired, Nakjin can take the entire encryption ecosystem. Systematic risks cannot be ignored.”

Drake also challenged a long assumption that the fee would naturally increase and eventually replace block rewards.

On the contrary, he insisted that fees are decreasing, and if the miner needs to rely on fees, profits can drop 100 times. This reduces Bitcoin’s hash power to 1%of its current strength.

According to Drake:

“This is the trajectory. The 21m cap breaks security and is self -destructive. Now Satoshi has created OOOPSIE.”

Price rising can not save Bitcoin

Drake dismissed the idea that bitcoin prices could solve the problem.

He explained the scenario that Bitcoin spent a million dollars per coin, but only 10%of today’s security costs were not changed.

He was noted:

“Today’s Bitcoin has been secured at 20GW, which is equivalent to a 10m space heater. Reducing 90%of the miner revenue will reduce 2GW security -1m space heater. In the case of context, it produces 80GW in Texas alone. There is no way to secure $ 20T assets in 2GW.”

Even though Bitcoin recorded $ 10 million per coin, DRAKE claimed that 51%of the cost of attack remained less than the market cap.

He estimated that it would take $ 20 billion to build a 20GW hasings infrastructure.

Solution?

Drake concluded that Bitcoin’s current work proof model could not be executed in the long run without structural coordination.

So he proposed some solutions, including modifications or tails in commission markets. The latter will lift Bitcoin’s 22 million coin supply cap to maintain continuous miner incentives.

He also suggested that Ethereum moved to the POS (Proof-of Stake), a system that Ethereum had already used to protect the network.

Nevertheless, Drake admitted that his ideas faced serious resistance within the cultural and ideological framework of Bitcoin.

Meanwhile, he stressed that some members of the community proposed an ambiguous proposal that BTC could adopt proof of proof through a mining full consortium. But he pointed out that there is little details about it.

Considering this, Drake concluded:

“Bitcoin should be a firefighting agent. But the elephant in the room is not solved. We can bury us in the sand in the sand. But the basics are getting bigger.”

I mentioned in this article
recent Alpha Market report
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Protocol Update 001 -scale L1

August 7, 2025

Stablecoins are finally legal

August 3, 2025

Asia Morning Briefing: SEC’s in -kind BTC, ETH ETF reduction shift occurred in Hong Kong a few years ago.

July 30, 2025
Add A Comment

Comments are closed.

Recent Posts

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025

Are Monero in danger? Five orphan blocks were found during the Cubic Mining War.

August 7, 2025

One Card To Seamlessly Bridge Web3 Assets And Real-World Spending

August 7, 2025

Coinbase’s USDC fee, encryption or other banks?

August 7, 2025

Protocol Update 001 -scale L1

August 7, 2025

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP struggles for $ 3: Do Whale Offroads attract it lower?

August 7, 2025

Bybit’s Ben Zhou Charts Bold New Course To Rewrite Crypto Success At Mid-Year Keynote

August 6, 2025

Quantum advantage: Is the threat really?

August 6, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Builders Are Proving What’s Possible With CARV’s AI Stack

August 8, 2025

Caldera Announces Partnership With EigenCloud To Integrate EigenDA V2

August 7, 2025
Most Popular

Daily Rewards Based on Casino Performance – $SCORP Presale Ahead of Exchange Listing by $2.8 Million

January 14, 2024

Singapore welcomes innovative identity verification

December 30, 2023

The future of cryptocurrency regulation

January 19, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.