Tag: Transaction

BitMiners Will Confirm Your Pending Bitcoin Transfer for “Only” $10

There are a lot of concerns over Bitcoin transaction confirmation times right now. More specifically, users must pay high fees and often wait several hours to move money over the network. It was only a matter of time before we saw more services offering to accelerate unconfirmed transactions. However, there is one new service which charges “only” US$10 per transaction to do so. It’s a very interesting yet worrisome situation. BitMiners is an …
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Analyzing the 3 Reasons Charlie Lee Opposes Segwit2x

Charlie Lee, the creator of Litecoin, is against the execution of the Bitcoin SegWit2x hard fork in November due to three major areas he feels are lacking: urgent need, replay protection, and consensus. Over the past two weeks, several experts including ShapeShift founder and CEO Erik Voorhees expressed their optimism regarding the November fork. Segwit2x is the scalability proposal introduced by a consortium of 58 companies led by Digital Currency Group to increase …
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Average Bitcoin Transaction Fee Has Exceeded $1

The Bitcoin network has been congested for quite some time now, blocks have been full and the debate has been at a stalemate. As Bitcoin’s adoptions is rising, along with increased coverage in the media about the price breaking all time highs, the amount of transactions has been on the rise. This has contributed to an increase in the average fee paid as users need to pay more and more …
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Introducing Transaction Relay: Pay For Ethereum Contracts and Transactions With Any EIP20 Token

A great step towards making Ethereum compatible with other cryptocurrency projects was made yesterday, enter Transaction Relay, an innovative solution to pay for Ethereum Dapps and transactions using other Ethereum Tokens. When Ethereum launched its creators argued that the project was aimed to eventually work closely with other cryptocurrencies, specifically Bitcoin. Aligned with this idea, BTC Relay launched some time ago, this project allows Ethereum contracts to securely verify Bitcoin transactions …
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