What are Bitcoin NFTs?
Bloomberg Crypto
00:00
Bitcoin NFTs
Mining of Bitcoins is something that you covered extensively. How does this all, a transition towards using Bitcoin for NFTs, how would that affect miners and the mining industry? So miners, the income for Bitcoin miners, it essentially comes in two parts. The first part is the fixed amount of Bitcoin rewards. And the second part is the transaction fees. If there's more trading volume for the new kind of N FTs, that means there will be increased transaction fees for miners.
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