FTX Chief Sam Bankman-Fried believes Bitcoin is not a reliable payments system
FTX CEO Sam Bankman-Fried believes that Bitcoin has no future as means of payment. Bankman-Fried says Bitcoin’s Proof-of-Work network is not suitable for payments. He thinks it is slow and expensive to send transactions, making it a poor choice for everyday transactions. Bitcoin can only process about seven transactions per second. This means it takes […]
Bitcoin records its lowest average transaction fees in two years
TL; DR Breakdown Bitcoin sees lowest transaction fees in two years Transaction fees were at an all-time high in 2020 More traders are entering the network Bitcoin has made tremendous progress over the years in terms of its price swing, with the asset seeing a strong bullish trend across last year. However, that didn’t come […]
