Next Bitcoin Core Version to Include 'Smarter' Transaction Fees

Next Bitcoin Core Version to Include 'Smarter' Transaction Fees

Bitcoin Foundation Chief Scientist Gavin Andresen has outlined the details of new floating transaction fees to be included in the code of the next Bitcoin Core release. In a new post on the official Bitcoin Foundation blog, Andresen stated that the updated code will enable "smarter" fees that account for the length of time it takes to confirm transactions on the bitcoin network. Ultimately, the new code will determine transaction priority, making sure that transactions confirm more efficiently. Andresen cited needless complexities within bitcoin's transaction fee code as the reason for the....


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