3 ms·

>Also not sure how BTC becomes less efficient by design. one of the major key principles behind bitcoin is that the hashing becomes more difficult over time.

• anonym29 3y ago
  This is not technically correct, only practically correct. Hashing does not irreversibly become more difficult as a function of time, it becomes more or less difficult as a function of total network hashrate. Now, there has been a strong positive correlation between time and total network hashrate, so for all practical purposes, difficulty has (and likely will continue to) increase over time. That said, if half of all miners went offline overnight, block times would approximately double, and the next difficulty rebalabce would go dramatically lower in an effort to maintain 20 minute block times.
• x86x87 3y ago
  That's not how it works. It actually adjusts to the available computing power. This is builtin to the protocol.