Day: March 11, 2016

miner fee increase

Block Size Issue Leads to Increased Miner Fee for Bitcoin Transactions No Comments

The Bitcoin network has been facing some issues with respect to transactions lately. These issues mainly related to smaller block size and increased transactions led to a backlog in transactions, making transactions take longer than usual to be confirmed on the blockchain. Bitcoin block-size has been fixed at 1 MB since it became operational. The 1 Mb limit was set in those initial days when th...


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