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Author Topic: Babylon to launch self-custodial bitcoin staking mainnet in two days  (Read 1444 times)

Offline Altlover

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Re: Babylon to launch self-custodial bitcoin staking mainnet in two days
« Reply #15 on: August 29, 2024, 12:14:26 PM »
The concept you're discussing revolves around the evolving role of Bitcoin's blockchain and its economic incentives. Initially, Bitcoin's blockchain can experience periods of high transaction volume or "spam," which might benefit miners due to increased transaction fees.Additionally, Bitcoin's blockchain might be used for various applications beyond cryptocurrencies, including smart contracts or other decentralized services, leveraging its security and decentralization
I don't know how much this idea makes sense, but what is written in the article indicates that we can expect new blockchain spam with things that should not be on the same.
The way bitcoin is, we have just start with bitcoin blockchain spam. As one will cool off, another one will arise. Bitcoin is created in a way its blockchain can be useful for other projects as well that can even be beyond cryptocurrencies. Now miners will only encourage it because the spam let them make money from transactions fees. But over time bitcoin transaction will completely replace the mining reward which can be an encouragement for bitcoin miners.

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Re: Babylon to launch self-custodial bitcoin staking mainnet in two days
« Reply #15 on: August 29, 2024, 12:14:26 PM »

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