Bitcoin Halving Reminds That Supply Is Limited As Future Growth Relies on Innovations Like Lightning Network

The Bitcoin halving reduces the block reward miners receive by half on a regular schedule. This is by design to control bitcoin supply.

As block rewards decrease over time, transaction fees paid by users will make up a larger share of miner compensation. This reminds people that bitcoin supply is truly limited.

Higher bitcoin prices and fees may accelerate consumer adoption of second-layer networks like Lightning for smaller payments. These offer almost instant settlement and tiny fees.

Even with Lightning Network growth, steadily rising demand and more widespread use of bitcoin will likely increase on-chain transaction fees over time.

By making fast, reliable, inexpensive bitcoin transactions more accessible, developments like Lightning better serve the unbanked worldwide as a savings and spending option.