Bitcoin’s solid-resistant fork is inevitable-it is the only opportunity to fix the node incentives

Opinion

Bitcoin (BTC) has always been broken and unjustified, and is a digital stronghold against the forces of change. The basis for safety in Bitcoin faces its first real test with a quantitative computing, which must be processed sooner and not later. Its shield will break the encryption if it is not treated, forcing the network to adapt or perish.

The number of Bitcoin node grows, but the incentives are still absent

Bitcoin’s full node grid has grown over time, a sign of increased adoption and the most powerful infrastructure, but the main issue remains. The volunteer action of the node management still has any financial incentive. Miners are winning bonuses to secure the network, yet the full knot operators do not get their role in maintaining the insecurity of bitcoin.

At the same time, a large part of this nodes is operated by stock exchanges, loudspeakers and large mining baths. These are central entities with financial incentives to maintain control. Suppose the Bitcoin node network continues to expand without appropriate incentives. In this case, the risk remains that health verification will increase increasingly on a few well -funded players instead of a truly distributed base for individual users (see Figure 1).

All of this comes because the runaway knot was not easier. Delivery and operating solutions such as Umbrel, Start9, Raspiblitz, Cubit and Ronin Dojo allow anyone to prepare a full knot on low -cost devices with minimal technical knowledge. You have reduced the barrier tools to enter, making the knot to run easier than ever.

After adoption, it is still stagnant. Despite the ease of preparation, most Bitcoin users still do not manage their contract. The reason is simple: there is no financial incentive to do so.

Hadith: Dr.ECENTRALIZATIONAL – We can fix it

Unlike miners, who earn blocs and transactions to secure the network, the full node operators are not receiving anything. They verify the validity of the transactions, impose the rules of consensus, and contribute to distracting decentralization in Bitcoin, yet their efforts were not adjacent. As a result, the node process remains an ideological commitment instead of an economically viable activity.

If Bitcoin should be distorted, we must use it to enhance decentralization

Critics argue that the Bitcoin’s critical policy should remain without touching it. Others warn that the entry of full knot incentives can lead to SYBIL attacks, as bad actors revolve thousands of fake nodes to exploit the rewards. These concerns are valid – but they ignore the greatest reality.

Bitcoin on the way to change forced consensus. The sincere discussion is not whether Bitcoin should change, but if we will use this moment to enhance it. If the full Bitcoin node incentives are carried out properly, they can lead an increase in the accreditation of the node, enhance the resistance of the network control and enhance decentralization. This would reduce dependence on large mining pools and exchanges to verify health, which spreads equally control among individual participants. Bitcoiners will continue to pressure to maintain the flexibility of Bitcoin against the impact of companies in the post -quarter world where security and decentralization are more than ever in the coming years.

Bad design incentives can enter risks, especially SYBIL attacks, where bad actors revolve thousands of fake nodes to exploit the rewards. These challenges can be resolved with the correct SYBIL resistance mechanisms in place. They will completely ignore them more dangerous than handling faces.

Bitcoin’s future depends on this moment

The greatest Bitcoin power is its ability to decentralize and control control. But this force is not automatic. It requires infrastructure that encourages wide participation.

The solid -resistant solid fork will happen once in the generation. We may not get another chance if we fail to use it to fix the broken incentives brown from Bitcoin. Bitcoin’s future depends on obtaining this moment correctly.

This conversation should continue, but you must have some skin in the game and run your own knot first.

Opinion: Dr. Michael Taboun, chief economist at Cointelegraph.

This article is intended for general information purposes and does not aim to be and should not be considered legal or investment advice. The opinions, ideas and opinions expressed here are alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.