Halving block reward

1 answers
1 votes
Halving block reward
asked
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!
1
Answer will be added soon.
answered

Answers

newest most voted
Hungry for knowledge?
New guides and courses each week
Looking to invest?
Market data, analysis, and reports
Just curious?
A community of blockchain experts to help

Get started today and earn 4 bonus blocks

Already have an account? Sign In