Dynamic Fees For Blockchain.info Users Are A Welcome Change
Default Bitcoin transaction fees are becoming a thing of the old, even though most digital currency users prefer to spend as little money as possible to move funds across. At the rate of 0.0001 Bitcoin per transaction - worth US$0.0415 at the time of writing - fees have been on the low end of the scale for quite some time now. However, miners prioritize transactions based on their associated fee, and if everybody keeps using the same amount, congestion is a - somewhat - logical result. Blockchain.info has been under a lot of stress in recent times, as the platform has been facing several....
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Dynamic fees, announced by Blockchain.info, ensure faster Bitcoin transactions. Back in 2010, even Satoshi Nakamoto wrote that: “Free transactions would take longer to get into a block”. An idea born under pressure. Delays in transaction have been a matter of concern among the users of Bitcoin. These delays have been a result of congestion within the Bitcoin network. Blockchain.info has announced the introduction of ‘Dynamic Fees’ on transactions within its wallet. It claims this will deliver fast and reliable transaction confirmation times for the best value, regardless of how many people....
CoinDesk spoke to Nicolas and Ben of Blockchain.info about it being the #1 bitcoin site, how it will remain so into the future, why its users trust it so much and how online wallets need to be easy to use as well as secure. The Blockchain.info team has been busy. The site grew by over 50% last month, with over 118 million page views and over 3 million unique visitors in November 2013. The number of registered bitcoin wallets jumped from 500,000 at the start of the month to 800,000 at the end and is now on its way to 1 million. These 'My Wallet' users engage in about 24,000 transactions....
Blockchain.info today announced that they are the second website in the world to receive an SSL certificate for their .onion address. This is a huge win for privacy and Bitcoin enthusiasts around the world, and it answers growing concerns surrounding the security of using web wallets such as Blockchain.info while connected via the Tor network. In the past, there have been several reports of Blockchain.info users losing their funds after using Blockchain.info through the Tor network. Rogue Tor exit nodes were being specifically used to execute man in the middle (MITM) attacks on users....
Ben Davenport/BitGo. BitGo, a multi-signature Bitcoin wallet, has introduced dynamic transaction fees to give users more options. The dynamic fees are in response to longer transaction times driven by an increase in transaction volumes. Users can now select fees that price automatically based predictable processing periods. "Many transactions have taken longer than usual to confirm," BitGo notes on its website. "As of (this) writing, the number of unconfirmed transactions is now well into the tens of thousands and continues to rise. To the user, this means that important operations such as....
Copay which proudly claims to be a true Bitcoin wallet and not just an account service has released another update with its version 1.1.3 which has features such as dynamic transaction fees, ability to prevent initiating transactions with unconfirmed funds, and advanced sending options. Copay was taken out of beta in the month of June this year while the company was also taking heed of the community's feedback to make the software more user-friendly. Now Copay has chosen to focus on giving its users the option of dynamic transaction fees to prepare for any upcoming tests on the Bitcoin....