Fidelity Research Analyst Refutes Claim That Declining Bitcoin Mining Rewards Affect Security

CoinFeed June 28 news, according to Cointelegraph, Fidelity research analyst Daniel Gray refuted concerns that declining Bitcoin mining rewards would lead to long-term security deterioration, and in the latest research report pointed out that the economic incentive mechanism of the Bitcoin network is sufficient to ensure the blockchain's long-term security. In the report, Daniel Gray reiterated the view that Bitcoin's security does not solely depend on block rewards. The report pointed out that transaction fees, market incentives and other economic factors continuously incentivize miners to maintain network security, making the cost of sustained attacks prohibitively high.