The Bitcoin block rewards are becoming lesser and lesser with each halving. Will transaction fees eventually be able to fill up this void?
Bitcoin Transaction Fees Has Been Trending Up With Each Cycle
One of the most innovative features of the Bitcoin blockchain is that approximately every four years, the block subsidy (that miners receive for solving blocks on the network) is slashed in half. Such events are called the “halving.”
Halvings naturally mean that the miners’ revenues also take a heavy hit, primarily made up of the block rewards. Why does the concept of halving even exist? Well, consider the scenario if there was no halving.
The block rewards serve as the only way to mint new tokens so that they can be equated to the new production of the asset. Without halvings, miners would continue to produce the coin at the same rate, and the supply would grow constantly.
Due to supply-demand dynamics, this growth might decrease the asset’s value as more asset tokens are introdu
We współpracy z: https://bitcoinist.com/bitcoin-transfer-fees-replace-block-subsidy-future/
