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Minority Bitcoin Chain Slides Further Behind as Miner Support Evaporates

Minority Bitcoin Chain Slides Further Behind as Miner Support Evaporates

The minority Bitcoin chain has fallen rapidly behind the main network, a direct result of miners abandoning the fork. With hash rate shrinking, the chain is now struggling to process transactions in a timely and secure manner, and its long-term survival is in question.

The hash rate drain

Miners are the lifeblood of any proof-of-work network. They secure the chain, validate transactions, and ensure that blocks are produced at a steady