Bitcoin transaction fees surge 12 times, possibly due to the impact of Bitcoin Thunderbolt

avatar
MarsBit
04-24
This article is machine translated
Show original
Mars Finance News, on April 24, according to OKX data, the average Bitcoin mainnet transaction fee sharply increased from about 2 sats/vByte to 25 sats/vByte within the past 12 hours, with a short-term peak reaching 120 sats/vByte. On-chain monitoring discovered that a large number of P2SH UTXO Bundling transactions were concentrated, caused by the by the Boostpad limited-time airdrop activity and Alkanes inscription issuance launched last night, resulting in significant miner fee bidding. Previously, on April 15, HSBC's official press release first disclosed that Bitcoin Thunderbolt introduced UT OP_CAT instructions through mainmainnet soft on-chain native assetset istransaction acceleration and and smart verification, with actual tests showing network efficiency improved by 100-200 times compared to the original chain.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments