The Number of Entities Using Bitcoin to Store Arbitrary Data Has Declined

The Number of Entities Using Bitcoin to Store Arbitrary Data Has DeclinedThree years ago there were a lot of discussions concerning data embedded in bitcoin transactions and the block size space consumed by these OP_Return transactions. However, in recent times, the use of OP_Return transactions has dropped a great deal and the trend has lowered network fees to some degree. OP_Return Transaction Domination Slows Significantly Alleviating […]

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Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch

Mempool 'Spam' and Rising Fees: The Consequences of Veriblock's Mainnet LaunchLast month the Veriblock testnet represented more than 30 percent of BTC’s network transactions but the project took a hiatus before launching the protocol’s mainnet. When the project stopped, the BTC network’s mempool dropped, transactions per day were cut in half, and fees slightly dipped. However, since the mainnet launch of the Veriblock blockchain, the […]

The post Mempool ‘Spam’ and Rising Fees: The Consequences of Veriblock’s Mainnet Launch appeared first on Bitcoin News.

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