What Happens When the Last Bitcoin Is Mined? - Decrypt

Summary

The article explores the economics and future implications of the Bitcoin network as it approaches the cap of 21 million coins mined. It discusses the shift from block rewards to transaction fees for miner compensation, the current and historical transaction fee trends, the cost of mining, and the expected scarcity and deflationary aspects of Bitcoin. It also delves into the impact on Bitcoin's value, demand, and challenges related to Bitcoin's scalability and potential solutions like the Lightning Network. The tags 'Bitcoin, Cryptocurrencies, Decentralization, Blockchain, Bitcoin scalability problem, Economics of bitcoin' highlight the focus on Bitcoin's technical and economic aspects. The key concept of 'NFT' is not directly related to the article's content, which focuses on Bitcoin rather than non-fungible tokens.