TRANSACTION FEE
A small fee imposed on some transactions sent across the Bitcoin network. The transaction fee is awarded to the miner that successfully hashes the block containing the relevant transaction.
Bitcoin Transaction Fees Experience Significant Drop Following Record High
Bitcoin's average transaction fees have dropped to $8-10 for medium-priority transactions, following a record high of $128 on April 20. This surge coincided with the Bitcoin halving, resulting in $78.3 million in fees, surpassing Ethereum 24 times. The highest fee ever recorded was 37.7 BTC ($2.4 million) paid to ViaBTC.
Starknet v0.13.1 Launch: Embracing EIP-4844 for Lower Costs and Enhanced Stability
Starknet v0.13.1 upgrades Ethereum data storage costs, offers lower transaction fees, and improves stability and user experience, potentially boosting adoption and advancing Starknet's evolution.
MoonXBT Eliminates Fees on Multiple Spot Trading Pairs
MoonXBT is no longer charging fees for multiple spot trading pairs to ease the burden on users during the ongoing economic crisis.
Ethereum's Median Fees Drop by 88.7%,Hitting a Two-Month Low
Ethereum traders have a reason to smile because transaction fees dropped from November highs of $34.19 to $3.84 per transaction, representing an 88.7% decline.
Total Fees Paid on Bitcoin Network Hit Monthly Low, Hashrate Records Historic Highs
Bitcoin’s friendliness in terms of the low transaction fees paid to use its network continues because it hit a monthly low.
Ethereum’s Network Revenue Shot up by 1,777% Last Annual Year
Ethereum network revenue rose 1,777% from $231.41 million to $4.34 billion, according to market insight provider Bankless.
New London Upgrade Could Help Ethereum Hit $3,000, Crypto Expert Says
Ethereum is likely to increase its value based on the speculation and hype surrounding the London upgrade event.
EIP 1559 May Not Reduce High Gas Fees on Ethereum, but ETH 2.0 Will – Here’s Why
EIP-1559, an Ethereum Improvement Protocol set to launch in July, has been touted as a game-changer that will address the issue of rising gas fees on the network.
Ethereum Exploded by More than 17.4% over the Weekend as Transaction Fees Recorded 205.99% Monthly Growth
New data by on-chain data provider Santiment reveals that the uptrend over the weekend made Ethereum increase by more than 17.4%.
Ethereum Breaks Past $1000, Triggering a Spike in ETH Gas Prices
Ethereum has surged past $1000, following Bitcoin’s footsteps to wrap up 2020 nicely.