Bitcoin’s ‘Halving’ Raises Existential Threat Amid Soaring Transaction Costs

The recent halving of Bitcoin rewards has spurred a surge in transaction fees, casting doubt on the cryptocurrency’s long-term viability. While the halving aimed to gradually reduce new Bitcoin supply, it has exacerbated the reliance on transaction fees for miners, who verify transactions on the blockchain. Increasing energy costs and competition from artificial intelligence add pressure on miners’ revenue, raising concerns about the network’s ability to maintain its security and trust.

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