Bitcoin’s Security Budget is Adequate

Written by josef.tetek | Published 2019/08/20
Tech Story Tags: bitcoin | transaction-fees | mining | pow | bitcoin-price | hackernoon-top-story | bitcoin-spotlight | latest-tech-stories

TLDR Bitcoin & ETH analyst at TopMonks Blockchain Studio (https://blockchain.topmonks.com) explains how Bitcoin will likely overcome the diminishing block subsidy. By 2019-Q3, transaction fees make up only about 3% of the total Bitcoin market cap. By the end of his article, Dan aims to estimate likely median median transaction fees. By looking at the past data, I think we already have a simple heuristic at hand to find out how much the Bitcoin miners should be paid as the subsidy diminishes.via the TL;DR App
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Written by josef.tetek | Bitcoin & Ethereum analyst at TopMonks Blockchain Studio (https://blockchain.topmonks.com).
Published by HackerNoon on 2019/08/20
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