Tag: Transaction Fee

When Do Bitcoin Blocks Justify Higher Transaction Fees?

Ever since the Bitcoin block size debate began many moons ago, there has been a lot of discussion as to whether or not bigger block sizes even matter. Some people fee the transaction fee is more important, and low fees seem to justify smaller blocks. But is it that simple, or is there more to this debate? Blocks Vs. Fees – Which Matters In The End? As the Bitcoin blocks …
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Growing Mempool Size Creates Huge Bitcoin Transaction Backlog

One of the things affecting Bitcoin users from all over the world is the amount of time it takes until transactions receive network confirmations. Considering how Bitcoin blocks are generated roughly ten minutes apart, confirmations with proper transaction fees should be processed rather quickly, whereas others might be facing an inevitable delay. However, when the transaction mempool is slowly approaching the 30 MB mark, things are certainly amiss. Also read: …
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How The Bitcoin Transaction Fee Relates To Network Confirmations

One of the issues a lot of people have with the Bitcoin ecosystem is how they have to wait for transaction confirmations by the network. As most people are well aware, this can take anywhere from minutes to hours before a transaction gets the full six confirmations. But some companies are adapting their strategy, and Betcoin is looking to base the network confirmations needed for the transaction fee paid by …
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