The bitcoin network is secured by 900 bitcoins being printed a day

The 900 bitcoins a day are the block rewards given to miners to secure the network and process transactions. This block reward decreases by a factor of 2 every 4 years. Daily transaction fees have hovered around 10 bitcoins a day for most of bitcoins existence, only spiking during periods of heavy bull runs, where price increases made paying high transaction fees tenable. Over the long term I would expect transaction fees to average around this 10 BTC mark. Is 10 BTC a day enough to secure the network 30+ years from now when block rewards are 128th (27) what they are now and still declining?



Submitted July 24, 2022 at 09:06PM by jefecaminador1 https://ift.tt/VjLovJ3

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