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Viva La Crypto • November 20-21, 2018

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Tag: fees

Coinbase Implements “Child Pays for Parent” Protocol to Mitigate Bitcoin Fees

Category: Bitcoin, Blockchain, News

Coinbase Implements “Child Pays for Parent” Protocol to Mitigate Bitcoin Fees

In a Medium post published October 2, 2018, Coinbase explained why their engineering team is taking another look at the established Child Pays for Parent technique to make sending and receiving bitcoin a more consistent experience. Bitcoin Fees Are a Double-Edged Sword While Bitcoin transaction fees are significantly lower than most traditional methods of cross-border payments, the price added to…

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Ethereum Average Transaction Fee Surpassed Bitcoin, But its Inaccurate to Compare

Category: Altcoins, Bitcoin, Blockchain, Ethereum, Finance, News

Ethereum Average Transaction Fee Surpassed Bitcoin, But its Inaccurate to Compare

On July 16, 2018, the average transaction fee of ether, the native cryptocurrency of Ethereum, surpassed that of bitcoin. But, it may be premature to conclude that ether is lagging behind bitcoin in scalability. JZay, a bitcoin researcher, and investor shared a transaction fee comparison chart provided by crypto asset analytics platform Coinmetrics, as shown below. The chart portrayed a…

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Bitcoin’s Average Transaction Fee Decline to Lowest Level in 7 Years

Category: Bitcoin, Finance, News, Tech

Bitcoin’s Average Transaction Fee Decline to Lowest Level in 7 Years

Bitcoin transaction fees are at their lowest level since 2011. The lower fees follow on from bitcoin fees rising as high as $50 per transaction at the end of 2017, a situation that did not have much economic viability. Consider that the basic premise of blockchain technology is to enable faster and cost-effective transactions. If PayPal and other mainstream payment…

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Fee Market Kicks in with Weird Consequences

Category: Bitcoin, Blockchain, Commentary

Fee Market Kicks in with Weird Consequences

Bitcoin knocks at its capacity limits. After the Mempool did not empty at the weekend for the first time, the traffic jam on the Blockchain might become a permanent state. Full capacity already bears weird results, like that you can buy faster confirmations with credit cards. What can be done? Is there help in sight? By itself it is no…

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