What will happen to Bitcoin in 2140 (Sustainability of Bitcoin miners’ earnings after 2140),

What will happen to Bitcoin in 2140 Editor’s Note: This article is from Caicloud Blockchain (ID: cybtc_com), author: irishash, authorized reprint from Odaily Planet Daily.

The birth of Bitcoin was a “revolution” rather than a simple opposition. With the development of time, many major changes will occur, but there are still some controversial issues in the current economic environment. So what will happen to Bitcoin in 2140? What events will occur in Bitcoin in 2140? Let’s take a look together. What is a distributed ledger network? If Bitcoin is a peer-to-peer network, then it is a distributed database. This will make it easier for people to trade and store data.

For ease of reading, you can download Bitcoin node software to view their own nodes. Everyone can use a node to verify whether their account is running well and securely, or choose to keep it on a local server. This will create multiple blocks, making it easier for users to access their data. Then this new block generates a complete data chain, during which no centralized entity or individual influences its system. Now that this consensus mechanism is in place, these tasks can be transferred to other developers, such as mining Ethereum, sharding, etc.

In addition, it can be used as a store of value, because when you withdraw cryptocurrency from another wallet, you will gain a lot of income. Just like in the past, if you want to become digital gold, you first need to find an application with the same purpose. Therefore, you may not need to build the application yourself, but want to obtain all information about the asset by providing information corresponding to your customers. Why do you say that? Because in the next decade, more and more institutions will start to enter the market. So let’s take a look at what is driving the BTC price to rise so many times! The following are several main reasons:

1. Bitcoin, as part of the global payment system, is considered to be one of the scalable and easy-to-use solutions; 2. Due to its unique structural characteristics, it can improve efficiency without increasing costs. For example, if Bitcoin wants to grow rapidly and be more elastic than the traditional financial system, it must support a large number of transaction demands and more transaction fees. Bitcoin is also a special scarce token that can be used to purchase a variety of items, such as real estate. It can also be used to resist wars and other forms of instability.

Sustainability of Bitcoin miners’ earnings after 2140

According to CoinDesk, according to the Cambridge Bitcoin Electricity Consumption Index (CBECI), after 2140, miners’ earnings will come from mining rewards. It is estimated that in the next few months, as the hash rate decreases and network computing power increases, as well as the impact on the environment, the number of blocks mined will be halved. If this number continues to rise, it may lead to a more decentralized industry and generate more income without affecting the development of miners themselves.