This year, for the first time, Bitcoin's annual security budget as a proportion of its market value is higher than the previous year
According to a post by Kofi, a contributor at DefiLlama, on platform X, this year will be the first time in Bitcoin's history that the annual security budget as a percentage of market value is higher than the previous year (rising from 1.8% to 1.9%). The security budget is the amount miners earn to ensure network security. When this figure is high, the cost of a 51% attack is also high and vice versa.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fitch "shows mercy" and maintains France's A+ rating, but warns that uncontrolled deficits could lead to a downgrade
Fitch Ratings recently announced that it is maintaining France's sovereign credit rating at "A+" with a "stable" outlook, even though the agency has once again warned that sustained fiscal deficits and rising public debt amidst increasing political uncertainty could still trigger a future rating downgrade.
Here’s Why XRP Price Just Crashed Sharply
What Can We Expect from Bitcoin (BTC) and Dogecoin (DOGE) Prices in the Coming Days?
BTC Recovers From Sub-$77K Dip, XRP Drops Below $1.40: Weekend Watch
Crypto prices
More
