FastBitcoins Gifting Customers 50 Percent Of On-Chain Transaction Fees For Us...
FastBitcoins, which allows users to buy bitcoin directly via their bank accounts or at physical locations quickly through the Lightning Network, will be rewarding its users with 50 percent of the transaction fees that would usually be charged on-chain. “With this new incentive, FastBitcoins aims to proactively drive customer adoption of the Lightning Network, the payments layer that sits on top of the main Bitcoin blockchain, and make Bitcoin usable for people in real life,” according to an announcement shared with Bitcoin Magazine. “The Lightning Network allows near-instant Bitcoin....
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Bitcoin investment platform FastBitcoins has announced an expansion to Australia to meet growing demand for BTC investment there.
On-chain data shows that Ethereum transaction fees have dropped to their lowest level since January, a sign that a bottom could be close. Ethereum Transfer Fees Has Plunged As Network Has Gone Cold According to data from the on-chain analytics firm Santiment, Ethereum transaction fees have taken a notable hit recently. The “transaction fees” here […]
Bitcoin and ether exchange startup Coinbase is planning to shift the cost of certain kinds of transaction fees to users later this month. In a new blog post, the startup cited its subsidization of so-called 'on-chain' transaction fees, noting that it has long paid the cost the network requires to confirm these transfers. Yet, Coinbase said that this policy has now "become a significant cost" and that fees will shift to users looking to send network transactions over the bitcoin and ethereum blockchains beginning 21st March. Transactions on-site between users will continue to be....
The increasing amounts of Bitcoin transactions have slowly led to an increase in Bitcoin fees as miners favor the transactions with fees as priority transactions. This means that it can take a longer time for a Bitcoin transaction to clear. Some transactions, small ones without fees generally, can be lost to the Bitcoin ether, only to be returned to sender a few day later. Transaction fees have been touted as one of the best reasons to use Bitcoin. The world’s first truly international value transfer system boasts the lowest transaction fees. Though these fees have been quietly rising over....
Why would a "regular" business -- as opposed to a deep web marketplace like Silk Road -- accept bitcoins? Lots of reasons, say bitcoin-loving entrepreneurs. The digital currency is better at protecting privacy than, say, credit cards are. And a bitcoin business makes it easy for people anywhere in the world to buy, no matter what the local monetary situation or restrictions might be. For many business owners, though, the decision is a purely practical one: bitcoin transactions are simply cheaper to process ... and sometimes quicker too. For them, anything that puts more money in their....