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3232Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days
https://www.digit.info/bitcoins-average-transfer-fees-experience-sharp-increase-122-rise-in-10-days/
Wed, 08 Feb 2023 20:30:03 +0000https://www.digit.info/2023/02/08/bitcoins-average-transfer-fees-experience-sharp-increase-122-rise-in-10-days/Read more]]>Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000. Rising Transaction […]
]]>Next Bitcoin Mining Difficulty Change Estimated to Decrease as Block Times Have Lengthened
https://www.digit.info/next-bitcoin-mining-difficulty-change-estimated-to-decrease-as-block-times-have-lengthened/
Sat, 04 Feb 2023 21:00:22 +0000https://www.digit.info/2023/02/04/next-bitcoin-mining-difficulty-change-estimated-to-decrease-as-block-times-have-lengthened/Read more]]>The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since […]
]]>Wrapped Bitcoin Project Sees 18% Redemption of Circulating Supply in 54 Days
https://www.digit.info/wrapped-bitcoin-project-sees-18-redemption-of-circulating-supply-in-54-days/
Fri, 20 Jan 2023 22:30:59 +0000https://www.digit.info/2023/01/20/wrapped-bitcoin-project-sees-18-redemption-of-circulating-supply-in-54-days/Read more]]>Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022.
WBTC Remains Largest Operation in Terms of Bitcoin Custody Despite Recent Redemptions
The […]
Statistics show transfer fees on the Bitcoin network have increased 122% since the end of last month, as the average transaction fee has climbed from $0.767 to $1.704 per transaction. The rise in onchain fees coincides with the new Ordinals digital collectible trend on the network, with the number of inscriptions nearing 20,000. Rising Transaction […]
The last two mining difficulty changes on the Bitcoin network have driven difficulty to an all-time high, causing a decrease in hashrate and block interval speed. Before the latest difficulty retarget increase of 4.68%, block intervals were faster than the 10-minute average, at approximately 8 minutes 54 seconds to 9 minutes 31 seconds. However, since […]
Statistics show over the course of 54 days, the number of wrapped bitcoin (WBTC) hosted on the Ethereum network has decreased by 40,156. This equates to a more than 18% redemption of the circulating supply of WBTC since Nov. 27, 2022.