Tagbitcoin transaction

Bitcoin Transaction Fees are Dropping to $1, Can This be Sustained Long-Term?

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Over the past few days, bitcoin transaction fees have dropped to around $1 for median-size payments, even though the bitcoin mempool size has remained relatively high at above 120 million bytes. $1 Fees Widely utilized bitcoin wallet platforms like Blockchain are recommending a fee of 55 satoshis per byte, which round up to just above $1 for median-size transactions. Previously, merely one month...

Coinbase Criticized For Spamming Bitcoin Mempool, CEO Responds

Throughout the past week, Coinbase, the global cryptocurrency market’s largest brokerage and wallet platform valued at $1.6 billion, has been heavily criticized for the absence of Segregated Witness (SegWit) and transaction batching on its platform. Coinbase Lacking SegWit and Batching Transactions Jameson Lopp, the lead engineer and architect at multi-signature blockchain security service...

BitPay Miner Fees Double in Two Months; Potential Bitcoin Scalability Solutions?

On March 7, leading bitcoin payment processing company BitPay co-founder and CEO Stephen Pair released a blog post entitled “The Bitcoin Fee Market” to discuss the growing fee market within the bitcoin network and potential scalability solutions to address issues on bitcoin blockchain congestion. In Bitcoin, fee market refers to an ecosystem wherein users begin to pay higher fees in order to have...

Bitcoin Transaction Volume has Dropped to its Lowest Since 2011 - And it is a Positive Sign

Bitcoin transaction volume is dropping. Yesterday the transaction volume dropped to the lowest since 2011. Only 69,152 BTC were traded. What does it mean? Looking at the data, taken from Blockchain, we can see a clear decline in Bitcoin volume since November/December of 2013, when the Bitcoin volume was at 345,628 BTC with a peak in the middle of March with 441,337 BTC. Looking at the same volume...

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