Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’

Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’

Justin Drake, an Ethereum Foundation researcher, claims that the security model of the Bitcoin network is broken, as transaction fees have failed to …

Ethereum researcher: Bitcoin's security budget a "ticking time bomb"

Justin Drake, a researcher at the Ethereum Foundation, claims that the Bitcoin network's security model is broken because transaction fees have not reached a

Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’ – Crypto News Bitcoin News

Justin Drake, an Ethereum Foundation researcher, claims that the security model of the Bitcoin network is broken, as transaction fees have failed to reach a significant fraction of the total network earnings, including the block subsidy. Bitcoin Security Model at Risk, Proof-of-Work Not Sustainable, Says Ethereum Researcher The security budget of the Bitcoin network is […]

Bitcoin’s shrinking fees could trigger crypto-wide fallout – #CryptoUpdatesGNIT

Justin Drake, a researcher at the Ethereum Foundation, has raised alarms over Bitcoin’s (BTC) long-term security. In a detailed post on May 29, Drake argued that persistently low transaction fees on the Bitcoin network could make it increasingly vulnerable to a 51% attack, a scenario in which a single entity gains majority control of the blockchain’s computing power. Bitcoin fees decline According to Drake, Bitcoin’s fee structure has failed to …

Bitcoin’s shrinking fees could trigger crypto-wide fallout - Invest In Crypto News

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Bitcoin’s Shrinking Fees Could Trigger Crypto-wide Fallout - Data Intelligence

Justin Drake, a researcher at the Ethereum Foundation, has raised alarms over Bitcoin’s (BTC) long-term security. In a detailed post on May 29, Drake argued that persistently low transaction fees on the Bitcoin network could make it increasingly vulnerable to a 51% attack, a scenario in which a single entity gains majority control of the blockchain’s computing power. Bitcoin fees decline According to Drake, Bitcoin’s fee structure has failed to …