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Data Shows that 88% of All BTC Transfers Pays Higher Fees Than Necessary
Summary: According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transfers are overpaying transaction fees. The data shows that just 12% of transaction inputs use the SegWit format, which is less fee intensive than transacting with legacy inputs. One of the most popular and battle-tested Bitcoin wallets with SegWit support is Electrum, which also ...
According to analysis by Mark “Murch” Erhardt of Chaincode Labs, 88% of all Bitcoin transfers are overpaying transaction fees. The data shows that just 12% of transaction inputs use the SegWit format, which is less fee intensive than transacting with legacy inputs.
One of the most popular and battle-tested Bitcoin wallets with SegWit support is Electrum, which also supports multi-signature transactions and the import/export of private keys.
A growing number of major exchanges are adopting SegWit support, including Bitstamp, BitMEX, and Binance. This means transactions to exchanges can also be made cheaper by sending them from a SegWit address.
By Amy Liu
Tags: BTC,SegWit,transfers
Link: Data Shows that 88% of All BTC Transfers Pays Higher Fees Than Necessary [Copy]
