Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’

Justin Drake, an Ethereum Foundation researcher, claims that the security model of the Bitcoin network is broken, as transaction fees have failed to reach a significant fraction of the total network earnings, including the block subsidy. Bitcoin Security Model at Risk, Proof-of-Work Not Sustainable, Says Ethereum Researcher The security budget of the Bitcoin network is […]

May 30, 2025 - 11:35
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Ethereum Researcher: Bitcoin Security Budget a ‘Ticking Time Bomb’
Ethereum Researcher: Bitcoin Security Budget a 'Ticking Time Bomb'Justin Drake, an Ethereum Foundation researcher, claims that the security model of the Bitcoin network is broken, as transaction fees have failed to reach a significant fraction of the total network earnings, including the block subsidy. Bitcoin Security Model at Risk, Proof-of-Work Not Sustainable, Says Ethereum Researcher The security budget of the Bitcoin network is […]