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Category: Fee Market
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BTC Transaction Stuck? Bitcoin Cash-Powered Accelerators Can Speed Up Transfers
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Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot
This 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 […]
The post Cumulative Ethereum Transaction Fees in 2020 Supersede Bitcoin’s by a Long Shot appeared first on Bitcoin News.
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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 […]
The post Researcher’s Scathing Lightning Network Analysis Finds Flaws appeared first on Bitcoin News.
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Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees
Over 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 […]
The post Analysis Shows Lightning Network Suffers From Trust Issues Exacerbated by Rising Fees appeared first on Bitcoin News.
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Bitcoin Cash Miners Process Big Blocks Past 24h – Volume Approaches Litecoin
About 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 […]
The post Bitcoin Cash Miners Process Big Blocks Past 24h – Volume Approaches Litecoin appeared first on Bitcoin News.
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VPN Provider Now Accepts Lightning Network Payments
During 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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