How will the mining process change after the last Bitcoin is mined?

1 answers

• Nov 24, 2021 · 3 years ago
  After the last Bitcoin is mined, the mining process will undergo a significant transformation. Miners will no longer receive block rewards, but they will still have a crucial role in maintaining the network's integrity. The incentive for miners will shift from new Bitcoins to transaction fees. As the demand for Bitcoin transactions increases, the fees associated with each transaction will become more important. Miners will compete to include transactions with higher fees in the blocks they mine. This change will ensure that the network remains secure and that transactions are processed efficiently. While the mining process will change, it will continue to be an essential aspect of the Bitcoin ecosystem.
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