Tag: bitcoin transaction

Top 4 Ways to Accelerate a Bitcoin Transaction in 2019

Anyone who has ever dealt with Bitcoin will acknowledge there are some drawbacks to the system. While it is not too inconvenient to use, the wait for transaction confirmations is often considered problematic. Thankfully, there are options to accelerate a Bitcoin transaction without too many problems. The following options all claim to provide this feature, albeit it is advised users conduct their own research. Coinb.in Seems to Work Well When …
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Bitcoin User Attaches $204,000 as a Transaction Fee

An unknown bitcoin user attached a total of $204,000 in fees to a series of transactions on July 6th. Earlier this week, BTC.com -the world’s seventh largest bitcoin mining pool- discovered these transactions and excessive fees were sent from the same user. The transactions included many inputs and outputs and p2sh / multi-signature transactions. 80 BTC as a Transaction Fee?! What Happened? Currently, Bitcoin blockchain fee estimations put a median-sized transaction at about …
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Why is My Bitcoin Transaction Rejected by a Network Node?

There are quite a few different aspects of the Bitcoin ecosystem novice users may not be aware of. In some cases, users can come across a bitcoin transaction which is rejected by a particular node. This is usually a direct result of a transaction being pruned from the node’s database. Although this does not mean anything negative is happening, it can be confusing for some people. Nodes Can Reject Transactions …
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Bitcoin Core Developer Lays Out Scalability Roadmap Based on Segregated Witness (Segwit)

With the decline of Bitcoin Unlimited, the support rate for the Bitcoin Core development team’s Segregated Witness (Segwit) is rapidly increasing in terms of hashrate and node count. To a bitcoin user’s request to clarify the team’s roadmap of Bitcoin Scaling in an online community, Bitcoin Core developer Luke Jr laid out various plans for the community to be aware of. No Block Size is Needed as of Now and …
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