The Bitcoin Halving Could Accelerate Consumer Adoption of BTC

24hourscrypto Bitcoin 0

As on-chain network transaction fees continue to increase, network congestion will be offset by the shift to second-layer networks, which will in turn encourage a greater volume of transactions, some of which will happen on the main blockchain, which will push up processing fees. Ultimately, even with the rise of second-layer networks like Lightning, the net result will most likely be a steady increase in network fees as bitcoin becomes more widely adopted.

Original Source: https://www.coindesk.com/consensus-magazine/2024/03/26/the-bitcoin-halving-could-accelerate-consumer-adoption-of-btc/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Related Posts:

Related Articles