Buy Crypto
Markets
Spot
Futures
Earn
Promotion
More
reward-centerNewcomer Zone
Feed HomeFlash details
Michael Saylor: Bitcoin's 'Hard Consensus' Is Its Immune System, Making Bad Protocol Changes Difficult to Pass
  • BTC0%

BlockBeats News, July 5th, Michael Saylor posted stating that Bitcoin's "Hard Consensus" is its immune system. Transaction fees determine block space pricing, nodes are responsible for setting network policy, miners are responsible for block construction, and hodlers express choice through capital allocation.

Saylor stated that any protocol changes must receive overwhelming community consensus to be adopted, so bad ideas are eliminated before becoming changes that harm the protocol.

Source: BlockBeats

Disclaimer: The current content is sourced from third-party perspectives or directly translated by AI from third-party perspectives. CoinEx does not guarantee the authenticity, accuracy, and originality of the content, and it does not constitute any investment advice from CoinEx. The prices of cryptocurrencies are highly volatile, please be aware of the potential risks.

Hot
  • Coins
    Price
    24H Change