Tag Archives: Transaction Fees

To da moon? Bitcoin Average Transaction Fees Per a BanklessTimes.com report, average BTC transaction fees were around $1.5 on February 10, 2023. But these had jumped to $15.56 on May 10, 2023. The primary reason behind this drastic increase is the introduction of Ordinals onto the Bitcoin Network. Ordinals are a new integration into Bitcoin’s blockchain, supporting the creation of non-fungible tokens (NFTs) and BRC-20 tokens. The latter is central...

Elon Musk is in the news again. This time, he is sticking up for the meme currency Dogecoin, and saying how much he supports a proposed upgrade that could potentially allow Doge transactions to become cheaper in the future. Elon Musk Shows Support for Doge There are probably a healthy number of people out there that really could give a hoot about anything Musk has to say at this point. The man has played so many games in the past two months and tweeted so much nonsense...

Do you hate transaction fees? If you’re like everyone else, you probably do. Transaction fees are part of the financial process. When you transfer money to secondary hands, there’s a third party or financial services company that must verify the transaction and do the moving. They garner fees for their services and ensure everything occurs normally.Transaction Fees Are Causing Serious IssuesTransaction fees on the blockchain, however, are an ugly addition to what should have been a completely...