ME News reports that on June 28 (UTC+8), Fidelity Digital Assets stated in its latest research report that Bitcoin’s halving does not undermine the network’s long-term security, as miner incentives derive not only from block rewards but also from transaction fees and other economic incentives; thus, network security does not necessarily decline as block rewards decrease. The report notes that although the Bitcoin block subsidy has been reduced to 3.125 BTC per block, miner daily revenues have increased from approximately $26,300 during the first halving cycle to over $40.2 million today, driven by Bitcoin’s rising price. Historically, miner incentives and network security have strengthened alongside Bitcoin’s price growth. (Source: Foresight News)
Fidelity: Bitcoin Halving Will Not Weaken Network Security
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Summary
Fidelity Digital Assets stated in a report that the Bitcoin halving will not negatively impact network activity or long-term security. The firm noted that miner incentives encompass block rewards, transaction fees, and other economic factors. Network metrics show that miner daily revenue has increased from $2.63 million to over $40.2 million since the first halving. Block subsidies are now at 3.125 BTC per block, but miner incentives and network activity have grown in tandem with Bitcoin’s price.
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