Bitcoin

Impact

April

<h2 id="key-points">Key Points</h2>
<ul>
 <li>Bitcoin’s average transaction fee decreased after hitting a record high, following the network’s fourth halving.</li>
 <li>The increase in transaction fees coincided with the launch of the Runes protocol and the creation of rune-based memecoins.</li>
</ul>
<h2 id="bitcoin-transaction-fees-drop-after-record-high">Bitcoin Transaction Fees Drop After Record High</h2>
<p>The average transaction fee on <a href="https://crypto.ro/en/cryptocurrencies/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> experienced a decrease on April 21, after reaching an all-time high the previous day. This event occurred in the wake of the network’s fourth halving.</p>
<p>The average fee per Bitcoin transaction fell to $34.8, following a record peak of $128.45 on the day of the halving, as per YCharts data. This fee represents the average cost in U.S. dollars for a Bitcoin transaction to be processed by a miner.</p>
<h2 id="the-impact-of-runes-protocol-launch">The Impact of Runes Protocol Launch</h2>
<p>On April 20, Bitcoin’s total transaction fees rose to $81 million, a significant increase from $7.7 million the previous day. The network recorded $22.37 million in total fees on April 21.</p>
<p>These rising fees coincided with the introduction of the Runes protocol by Casey Rodarmor. This new token standard, akin to BRC-20s, led to an increase in transaction fees as individuals rushed to generate rune-based memecoins.</p>
<p>On the same day, the halving block seemed to originate from the ViaBTC mining pool. The pool received a basic reward of 3.13 BTC ($199,579) and an additional 37.6256 BTC ($2,399,135) paid as transaction fees for the 3,050 transactions included in the block, as per data from Blockchain.com.</p>
<p>At the time of reporting, Bitcoin had risen by 0.9% and was trading at approximately $65,700.</p>

Bitcoin’s Transaction Fees Decrease from Peak after Runes Integration Rollout

목차

crypto.ro global

2024년 4월 22일에 게재된 다른 기사

Bitcoin Price Rebounds and Projections for the Coming Months

CEX Data Report for March: Spot Trading Volume Doubles, Derivatives Trading Volume and Traffic Up...

FTX Estate to Proceed With the Sale of Locked Solana Tokens via Auction

Swiss Bitcoiners renew efforts to orange-pill the country’s central bank

Growing Treasury and Ouroboros Protocol: The Armament of Charles Hoskinson

Ethereum (ETH) Benefits from Hong Kong ETF Buzz; Community Interest Surges in ScapesMania (MANIA)

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!