Transaction fee – DIGIT INFO

Low Bitcoin and Ethereum fees may not necessarily be good news

DIGIT — Tue, 02 Jul 2024 13:15:00 +0000

Bitcoin and Ethereum users are experiencing exceptionally low fees, but why?

Bitcoin’s Ordinals, Runes key to solving the mining subsidy problem: ViaBTC

DIGIT — Fri, 10 May 2024 02:11:26 +0000

Each Bitcoin halving sees Bitcoin miners rewarded with a smaller block subsidy, but ViaBTC is optimistic that innovative Bitcoin applications will more than cover these needs, as Satoshi Nakamoto envisioned.

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Bitcoin L2s set to explode as Runes congest BTC network

DIGIT — Wed, 01 May 2024 13:55:18 +0000

High transaction fees and network congestion from the Runes protocol are increasing demand for Bitcoin layer-2 solutions.

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Bitcoin user pays $3.1M in transition fee for one 139 BTC transfer

DIGIT — Thu, 23 Nov 2023 13:50:13 +0000

A Mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, resulting in an accidental $3.1 million transaction fee.

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Bitcoin miner mulls refunding 20 BTC reward to Paxos

DIGIT — Thu, 14 Sep 2023 08:45:24 +0000

Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.”

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Ordinals and BRC-20 will disappear in a matter of months, JAN3 CEO says

DIGIT — Sat, 13 May 2023 17:00:00 +0000

The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.

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Arbitrum’s DAO to receive over 3,350 ETH revenue from transaction fees

DIGIT — Wed, 10 May 2023 17:30:19 +0000

Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum’s team and its community.

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Memecoin hype drives Bitcoin transaction fees to multi-year highs

DIGIT — Fri, 05 May 2023 10:36:51 +0000

Despite the latest spike in Bitcoin transaction fees, the current BTC transaction cost is still far from the all-time high levels.

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Ethereum gas fee jumped due to memecoin frenzy with mixed comments on network usability

DIGIT — Thu, 20 Apr 2023 10:40:00 +0000

Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage.

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Post-Shapella Hard Fork: Ethereum Deposits Exceed Withdrawals, Wait Time Climbs, ETH Transfer Fees Jump

DIGIT — Wed, 19 Apr 2023 09:04:56 +0000

It has been a week since Ethereum’s Shapella hard fork, and statistics indicate that ethereum deposits on April 18 have exceeded withdrawals for the first time since the upgrade. At present, 929,999 ether worth $1.94 billion is pending withdrawal, and over the past three days, 112,568 ether has been added to liquid staking protocols. Just […]

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