Halving block reward
In the light of the block reward being halved on the 13th of May I was wondering the following scenario; Halving the block reward means mining becomes a less profitable activity. This means the incentive for many miners could be negligible. This could potentially put a lot of miners out of business because the ROI is too low. This would mean two important things for the Blockchain; 1) A lower amount of miners means the network is more vulnerable for a 51% attack. 2) Transaction validation will be even slower, making the Bitcoin Blockchain even less appealing for use cases. What are your thoughts on this take and am I missing something important? Or why is there a very slim chance of this happening? Thank you in advance!
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
A community of blockchain experts to help
Get started today and earn 4 bonus blocks
Already have an account? Sign In