Justin Drake Criticizes Bitcoin's Security Model, Claims It Is on a Path to Self-Destruction
Ethereum Foundation researcher Justin Drake stated on X that Bitcoin's proof-of-work (PoW) security model is in a "ticking time bomb" state. He pointed out that after several block reward halvings, the proportion of Bitcoin's fee income to miners' total income remains at about 1%, with the current daily average fee income being less than 10 BTC, marking a 13-year low.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
TON Official: Block Production Has Returned to Normal
BTC surpasses 104,000 USD
DOT surpasses 4 dollars
Tether CEO: USDT Market Cap Grows by Over $5 Billion in the Past 30 Days
Crypto prices
More
