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According to a study published on January 21 by the International Settlement Bank (BIS), Bitcoin problems (BTC) can only be solved by leaving a system of proof of work (PdT).
According to the newspaper, when, in future, the Bitcoin block rewards will drop to zero, as only a limited number of new Bitcoins will be created, transaction costs alone can not fund mining expenses. The argument implies that the Bitcoin network would become so slow that it would be virtually unusable, stating:
"Simple calculations suggest that once the bulk rewards are removed, zero, it may take months before a Bitcoin payment is final, unless new technologies are deployed to accelerate the process." purpose of payments. "
The study further notes that, although second-level solutions such as the Lightning Network may help, "the only fundamental remedy would be to stray from the evidence of work". According to the report, such a gap would probably require some form of social coordination or institutionalization. "
The overall conclusion of the paper is that, according to researchers, "in the digital age too, a good currency will likely remain a social construct rather than a purely technological one".
The Swiss-based BIS is an organization of 60 central banks, representing 95% of global GDP.
As Cointelegraph recently reported, another BRI report released on January 8 revealed that seventy percent of central banks around the world are conducting research on central bank digital cash issues.
Another report released by the BIS last September highlighted a strong correlation between crypto prices and information on regulatory interventions around the world.
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