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
Data: Whale address "0x8d0" opens a 20x leveraged ETH position with $3 million again
Banmuxia: Bitcoin moving averages converge to form key resistance; a breakout would be a crucial bullish signal
A whale opens a new ETH position with 8x leverage, valued at $17 million
Trending news
MoreCrypto prices
More
