Average Onchain Bitcoin Fees Drop Below $2, Lowest in Over 250 Days

July 14, 2024 Bitcoin.com

Average Onchain Bitcoin Fees Drop Below , Lowest in Over 250 Days

Average Fee

Since July 1, the average transaction fee on the Bitcoin blockchain has remained below $2, with current onchain fees at 15.5 satoshis per virtual byte (sat/vB), translating to $1.54 per transfer. Bitcoin Fees Hit 10-Month Low Onchain Bitcoin fees have fallen to levels not seen since October 2023, spanning more than 250 days. Over the […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin Makes Progress in Clearing Backlog, but Lightning Network Capacity and Channels Dropped Amid Congestion

May 14, 2023 Bitcoin.com

Bitcoin

In the past week, the Bitcoin network has made progress in resolving its congestion issues. On May 7, 2023, the number of unconfirmed transactions reached an all-time high of over 500,000 transfers, causing a major backlog. However, as of today, that number has been reduced to 263,406. Currently, 184 blocks need to be cleared to […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days

May 12, 2023 Bitcoin.com

additional fees

Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens Defy the Odds Built atop the Bitcoin blockchain, the recently […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%

May 11, 2023 Bitcoin.com

Bitcoin

On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5. As of now, there are only slightly over […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Average Bitcoin Transaction Fees Skyrocket to $19.20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

May 8, 2023 Bitcoin.com

Average Bitcoin Transaction Fees Skyrocket to .20 per Transfer as Over 440,000 Transactions Remain Unconfirmed

Average Fee

Bitcoin transaction fees have surged significantly in the past 24 hours, with the average fee reaching $19.20 per transfer. The increase in fees can be linked to a backlog of transactions trapped in the mempool, as over 440,000 unconfirmed transactions are currently awaiting confirmation. Block Reward Dethroned: Bitcoin Transaction Fees Surpass Mining Subsidy for the […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees

May 7, 2023 Bitcoin.com

attack

In just under two weeks, the number of unconfirmed transactions on the Bitcoin network has skyrocketed from 134,000 to over 390,000, causing a bottleneck in the mempool. This surge in unconfirmed transactions has resulted in a staggering 343% increase in transaction fees, which have risen from $1.99 per transaction on April 26 to a current […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin Miners Breathe a Sigh of Relief as Difficulty Drops 1.45% After Five Consecutive Increases

May 4, 2023 Bitcoin.com

1.45% down

Bitcoin’s network has been putting miners through the wringer lately, with five straight difficulty increases that had them on edge. However, on May 4, 2023, at block height 788,256, the network difficulty level took a dip, dropping by 1.45% and bringing the overall difficulty down to 48.01 trillion for the next two weeks. Bitcoin Difficulty […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

BRC20 Token Standard Sparks Frenzy in Bitcoin Community With Market Cap Surpassing $95 Million

May 3, 2023 Bitcoin.com

Bitcoin

As of May 3, 2023, the Bitcoin blockchain has witnessed a staggering 3.35 million Ordinal inscriptions, and a new experimental token standard known as “Bitcoin Request for Comment,” or BRC20, has garnered substantial attention in the past week. With 10,487 BRC20 tokens built using Ordinals and a swelling market capitalization exceeding $95 million, this new […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin Mempool Overwhelmed With 134,000 Unconfirmed Transactions Amid Price Volatility

April 26, 2023 Bitcoin.com

134986 txs

Amidst the buzz surrounding bitcoin’s latest price surge, a significant number of transactions are currently clogging up the mempool. As of writing, 134,986 unconfirmed transactions await confirmation, and block times are lingering above the usual ten-minute mark. Bitcoin Transactions Backlogged as Mempool Reaches Higher Levels On the morning of Wednesday, Bitcoin.com News brought to light […]

A Theoretical Look at What Could Happen If Trump Creates a US Bitcoin Reserve

Bitcoin’s Average Transfer Fees Experience Sharp Increase: 122% Rise in 10 Days

February 8, 2023 Bitcoin.com

Average Fees

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 […]

Unconfirmed Transactions

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