Post
Topic
Board Bitcoin Discussion
Bitcoin has to switch to POS protocol?
by
ahrispool
on 11/04/2018, 06:42:05 UTC
Amount of bitcoin is limited to 21,000,000 and the incentive for miners will eventually only be keeping nodes that comes from transaction fees.
Then a lot of miners will stop mining, hash-power goes down, and the transaction will get a very long time to get accepted, because by that time the mining difficulty would be very high.
Then the POW protocol won't work out.
What would happen then?