An Unknown User Incurs More Than $80,000 in Transaction Fees When Sending BTC...
An unknown person incurred a transaction fee of more than $80,000 or (3.49079570 bitcoins) when transferring bitcoin worth $1.16. According to Blockchain.com, the December 19 transaction, which is included in block 662052, had an input of 3.49084570 bitcoin and an output of 0.00005000 bitcoin. As one report explains, the unusually high fee may have been the result of an “error made by the bitcoin user when manually constructing the transaction details.” However, as Alex Lebed the head of development at Xsigma Defi tells news.Bitcoin.com, this may have happened “because....
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At just 15 sats/vByte, a Bitcoin user is demonstrating just how cheap it is to send vast sums of money across the internet. Billionaires, take note. It's one million times cheaper to send huge sums of money on the Bitcoin (BTC) blockchain. A Bitcoin user sent over 50,562 BTC ($1 billion) to an address on the blockchain, paying a fee of just 2,513 Satoshis (the smallest denomination of a Bitcoin), equivalent to half a dollar for the pleasure. Transaction sankey diagram showing fees, value and time. Source: mempoolThe unknown wallet address paid a tiny fraction (less than 0.0001%) of the....