Bitcoin Fees Tap $60 per Transaction, Users Say Fees Restrict Adoption, Others ‘Embrace’ the BTC Fee Pump

Bitcoin Fees Tap $60 per Transaction, Users Say Fees Restrict Adoption, Others 'Embrace' the BTC Fee PumpOn April 21, Bitcoin network fees touched an all-time high according to a number of transaction fee aggregators. The average bitcoin transaction fee is approximately $59.88 and the median fee is around $26.44 USD per transfer. Bitcoin Fees Climb Sky High After the Hashrate Plummeted The cost to send a bitcoin (BTC) transaction has never […]

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BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers

BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up TransfersAt the time of publication, there’s more than 69,000 transactions waiting in line to get confirmed by a bitcoin miner. Since bitcoin’s price rise, at certain times, transaction fees have climbed to $10 to $20 per transfer, and people who pay less than the median fee may have to wait a while. However, people might […]

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Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot

Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin's by a Long ShotThis week the research and analysis team Coin Metrics published a report on how decentralized finance (defi) is “fueling Ethereum’s growth.” Meanwhile, the researchers also highlighted that Ethereum’s cumulative transaction fees in 2020 are now over $350 million and more than double the aggregated total of Bitcoin’s network fees. Coin Metrics researchers and Nate Maddrey […]

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Researcher’s Scathing Lightning Network Analysis Finds Flaws

On January 7, digital preservation researcher David Rosenthal published an overview of BTC’s Lightning Network (LN) which claims LN infrastructure isn’t decentralized and privacy-preservation is a myth. Rosenthal’s analysis found significant flaws with the LN fee system and the editorial insists “in order for Lightning Network to provide privacy, it must be massively over-capitalized.” Also […]

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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees

Analysis Shows Lightning Network Suffers form Trust Issues and Rising Fees Makes it WorseOver the last two years, the Lightning Network has been touted as the scaling solution for the Bitcoin Core (BTC) network. However, the solution has been heavily criticized for its lack of security, and on March 28, Bitcoin Unlimited’s chief scientist Peter Rizun wrote an interesting evaluation of the Lightning Network’s “dirty little secret.” Also […]

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Bitcoin Cash Miners Process Big Blocks Past 24h – Volume Approaches Litecoin

Bitcoin Cash Miners Process Big Blocks Past 24h - Volume Approaches LitecoinAbout 24-hours ago bitcoin cash (BCH) miners were processing a ton of large blocks between 2-8MB in size. Fees have remained considerably low, and the bitcoin cash daily transaction volume is nearing the same amount of transactions as the litecoin network. Also read: Japan’s DMM Bitcoin Exchange Opens for Business With 7 Cryptocurrencies Bitcoin Cash Miners […]

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VPN Provider Now Accepts Lightning Network Payments

Lightning Network Sees Regular Blockchain Testnet and Mainnet TrialsDuring the first week of the new year, many cryptocurrency enthusiasts have been talking about the Lightning Network (LN). So far the protocol has surpassed 610 nodes and 1882 channels while many bitcoiners, businesses, and developers have tried the technology on both testnet and mainnet. This week the virtual private network (VPN) service Torguard initiated […]

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