It isn’t just the fees which can be the problem, it’s the data they store. Banks retailer plenty of private information about their clients. Many banks have been hacked over the last 10 years, which may be very dangerous for people who use those banks. This is the reason it will be important to grasp how does Bitcoin work.
Once i predicted Bitcoin at $500,000 by the end of 2020, masternode it used a model that predicted $5,000 at the end of 2017. BTC has accelerated a lot quicker than my model assumptions. I now predict Bircoin at $1 million by the end of 2020. I will nonetheless eat my dick if improper. pic.twitter.com/WVx3E71nyD
DOT additionally facilitates the consensus mechanism that underpins Polkadot. DOT holders need to place their DOTs at risk, also referred to as staking for finishing up transactions throughout parachains. DOT staking acts as a disincentive for malicious participation within the community. Token holders are awarded for good transactions, whereas they lose their stake within the network for the faulty ones.
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