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Home Crypto News

The Bitcoin Halving Could Accelerate Consumer Adoption of BTC

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March 26, 2024
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The Bitcoin Halving Could Accelerate Consumer Adoption of BTC
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As on-chain network transaction fees continue to increase, network congestion will be offset by the shift to second-layer networks, which will in turn encourage a greater volume of transactions, some of which will happen on the main blockchain, which will push up processing fees. Ultimately, even with the rise of second-layer networks like Lightning, the net result will most likely be a steady increase in network fees as bitcoin becomes more widely adopted.

Tags: AccelerateadoptionBitcoinBTCconsumerHalving
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