Get the weekly summary of crypto market analysis, news, and forecasts! This Week’s Summary The crypto market ends the week at a total market capitalization of $2,17 trillion. Bitcoin continues to trade at around $62,300. Ethereum experiences no changes and stagnates at around $2,400. XRP is down by 2%, Solana by 1%, and Dogecoin by 3%. Almost all altcoins are trading in the red, with very few exceptions. The DeFi sector decreased the total value of protocols (TVL) to around…
Transaction Batching
Bitcoin Batching Transactions – What You Need to Know
Coinbase managed to help its clients save 75.2% in transaction fees and reduce their daily transaction count by 95% by batching Bitcoin transactions. Transaction batching combines multiple transactions into one rather than creating a new transaction for every request. As a result, it dramatically reduces the costs of transacting bitcoin and the overall Bitcoin network load, allowing it to fit more in a smaller space. Currently, many popular Bitcoin exchanges use this scaling technique of payment batching. In addition, many wallets…
5 years ago
Coinbase Customers to Enjoy Lower Fees Courtesy of Bitcoin Batching
BTC traders on Coinbase will soon enjoy lower transaction fees thanks to the exchange's adoption of Bitcoin Transaction Batching. The firm announced the launch of the feature on March 12th. In a blog post confirming the same, Coinbase states that the new feature will significantly lower the load on the Bitcoin blockchain. Additionally, it can save the exchange's users more than 50% in network fees. Reduced Network Fees on Coinbase In a departure from the norm, Coinbase will now bundle…
5 years ago