Bitcoin's Security Budget Concerns Expressed by Lead Developer of Blockchair

Quick Summary:

Nikita Zhavoronkov, the lead developer of Blockchair, a cryptocurrency block explorer, has expressed his concerns about Bitcoin’s dwindling security budget.

Zhavoronkov stated that the network needs to experience sustained high fees to offset the security impact of the latest halving.

After the issuance of Runes following the halving, fees have returned to normal levels.

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Article Details

Author / Journalist: Sergio Goschenko

Category: Crypto

Markets: Japan

Topics: Crypto Nikita Zhavoronkov Cryptocurrency Biitcoin (BTC) Security budget Security

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-05-01 @ 08:16:39 (3 weeks ago)

News Timezone: GMT +8:00

News Source URL: news.bitcoin.com

Language: English

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoin News

News ID: 20846980

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About Bitcoin News

Main Topics: Crypto

Official Website: news.bitcoin.com

Update Frequency: 17 posts per day

Year Established: 2008

Headquarters: Japan

News Last Updated: 9 hours ago

Coverage Areas: Japan

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #62

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