Bitcoin : If the security of the network is determined by amount of hashing power, and amount of hashing power is a function of profits, which is a function of total net fees per block, what will happen to network after all coins have been mined and layer 2 solutions (lightning) drastically reduce fees?

Bitcoin : If the security of the network is determined by amount of hashing power, and amount of hashing power is a function of profits, which is a function of total net fees per block, what will happen to network after all coins have been mined and layer 2 solutions (lightning) drastically reduce fees?

What will happen to the security of the network if the incentive to have all this hashing power goes down because of reduced profits?

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Bitcoin

Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: ethbtc

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