Bitcoin Just Hit $1 Billion in All-Time Transaction Fees
Here's what to make of the milestone.
Over the past two days, an unknown wallet holder has paid some $5.2 million in transaction fees for two ether transactions.
After facing a heavy load of transactions earlier this month, bitcoin's network has returned to a more normal level, recent developments suggest.
Mining pool Ethermine said it would never freeze transaction fees again.
Average fees paid by bitcoin users spike at a certain time every day due to the actions of one firm, derivatives exchange BitMEX, a researcher found.
The San Francisco-based cryptocurrency exchange has started grouping multiple bitcoin transactions together to benefit both users and the blockchain.
Abnormal network activity this past Sunday on ethereum classic caused certain miners to receive thousands of dollars in payout. These peculiar transactions also caused average transaction fees and hashrate levels to reach unprecedented highs.