It isn’t just the fees which might be the problem, it’s the info they store. Banks store plenty of private data about their clients. Many banks have been hacked during the last 10 years, which could be very dangerous for individuals who use those banks. Because of this it is important to know how does Bitcoin work.
When i predicted Bitcoin at $500,000 by the top of 2020, it used a mannequin that predicted $5,000 at the tip of 2017. BTC has accelerated much sooner than my mannequin assumptions. I now predict Bircoin at $1 million by the end of 2020. I’ll nonetheless eat my dick if flawed. pic.twitter.com/WVx3E71nyD
DOT also facilitates the consensus mechanism that underpins Polkadot. DOT holders want to put their DOTs at risk, also referred to as staking for carrying out transactions across parachains. DOT staking acts as a disincentive for malicious participation in the community. Token holders are awarded for good transactions, whereas they lose their stake in the community for the faulty ones.
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