Express

Bitcoin Transaction Fees Surged by 10% after the Halving

Yiran Dai

Summary: The post-halving epoch began with a 10% surge in BTC transaction fees, reported CoinGape. As the halving reduced miners’ rewards per block from 12.5 BTC to 6.25 BTC, the reward-based blockchain is now on its way to a transaction-fee model.

The post-halving epoch began with a 10% surge in BTC transaction fees, reported CoinGape. As the halving reduced miners’ rewards per block from 12.5 BTC to 6.25 BTC, the reward-based blockchain is now on its way to a transaction-fee model.

Bitcoin miners receive remuneration from the reward for maintaining the network and transaction fees. Since the reward per block decreases after the halving, costs for moving value in BTC between addresses inevitably increased. Per CoinGape, the difficulty of adding new blocks to the ecosystem may be a net positive for the cryptocurrency, as price may rise due to short supply.

By Yiran Dai

Last Update:

Tags: ,
Link: Bitcoin Transaction Fees Surged by 10% after the Halving   [Copy]
  • From Data Rights to Digital Property: Whistleblower Brittany Kaiser on Blockchain, RWA,... 6 days ago
  • The Base Chain's Ascent: How Deep Coinbase Integration and JPMorgan's Pilot Are Reshapi... 12 days ago
  • Tether in Trouble? U.S. Senate Just Passed a Law That Could Dethrone the $155B Stableco... 15 days ago
  • Justin Sun's Nasdaq Gamble: How Six Years Forged Ties with the Trump Family 16 days ago
  • The Crypto IPO Wave: From Fringe to Front Page 19 days ago
  • You need to login to comment.