Building a Better Bitcoin Fee Market
Over the past year, we have seen the fee market for bitcoin transactions evolve at a rapid pace. As transaction volume continues to increase, so does the demand for block space, which remains in limited supply of 1 megabyte (MB) approximately every 10 minutes. As we have debated the issue of increasing the supply of block space ad nauseum, this article will focus on the history and current state of bitcoin transaction fees. The fact is that the pressures resulting from high contention for block space have degraded user experience and thus incentivized bitcoin wallets to make adjustments in....
Related News
Philippe Bekhazi of XBTO Group discusses building a large, diversified Bitcoin company.
Bitcoin’s unique properties of electricity usage and heat generation bring new frontiers to building design.
Update January 12, 2016: Paul Vernon tweeted that a new phishing scam is targeting Cryptsy customers. Earlier this morning, we reported on the mysterious disappearance of the Cryptsy team from the building housing their headquarters. An anonymous source visited the building to see Paul Vernon, the cryptocurrency exchange’s Founder, and discovered that the building was empty. Upon contacting the building manager, our source learned that Cryptsy had vacated the building several weeks prior. This unannounced move comes in the middle of controversy surrounding Cryptsy, as many customers have....
Entrepreneurs in Nigeria are building on the country’s growing interest in BTC and establishing Bitcoin Village, a safe haven for Africa.