Bitcoin Mining and the Future of Transaction Fees

馃攽 What Happens Next?

By Kraken
Apr 25, 2024, 6:57 PM
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As the finite supply of 21 million bitcoins approaches full issuance, the cryptocurrency's protocol may undergo advancements to enable miners to rely primarily on transaction fees for revenue.​ Recent innovations like Ordinals have already led to an increase in fees, boosting miners' earnings.​ While the long-term implications are uncertain, the Bitcoin network is exploring sustainable models to incentivize mining after the last bitcoin is mined.​

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