Can Bitcoin Stay Decentralized After the Halving?
One of the biggest crypto events in recent years has been the Bitcoin halving. Since its inception, Bitcoin has been mined at a fixed rate of 50 BTC per block. This is how it works now, but what happens when the remaining bitcoins are mined?
The answer to this question depends on whether you think Bitcoin can be decentralized after this event. If you think that there will be a single global chain with no central authority, obviously Bitcoin scaling issues will remain unsolved as long as miners continue to generate blocks with no more than 21 million Bitcoins in circulation.
However, if we assume that some form of consensus among miners can be achieved to allow Bitcoin to flourish, then it is possible to imagine a future where there are thousands or millions of independent chains, each with its own rules and regulations.
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