Genesis Mining head forecasts importance of layer-two Bitcoin solutions
Cointelegraph
Published Jan 21, 2021 04:47PM ET
Updated Jan 21, 2021 06:20PM ET
Would Bitcoin and its blockchain be able to handle mainstream adoption as a store of value without requiring second-layer solutions? Genesis Mining’s head of mining operations, Philip Salter, holds a mixed view.
"I think Bitcoin is a good store of value regardless of transaction fees,” Salter told Cointelegraph. “The issue is — the higher the fees are the larger is also the minimum value that can be efficiently transferred.”
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Written By: Cointelegraph
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