Justin Drake criticized Bitcoin's security model, saying it was heading towards self-destruction

Crypto 7x24

2025-05-29 20:18:51

1.69W

According to online reports, Justin Drake, a researcher at the Ethereum Foundation, posted on X that the Bitcoin proof-of-work (PoW) security model is in a "ticking time bomb" state. He pointed out that after several halving of block rewards, Bitcoin's fee income still accounts for about 1% of miners 'total income. Currently, the average daily fee is less than 10BTC, setting a 13-year low.

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