Bitcoin Miners Navigate Record Challenges and August’s Dual Difficulty Hike
Bitcoin miners confronted one other uphill battle this month, marking the second straight improve in mining problem. On August 22, at block peak 804,384, the...
Ordinal Inscriptions Approach 19 Million Amid Stagnant Fees, Bitcoin NFT Sales Drop
The variety of Bitcoin Ordinal inscriptions on the blockchain is nearing 19 million, a development that has continued for the previous 218 days since December...
Ethereum’s Fiery Path: $6.6 Billion Ether Burned Since the London Hard Fork
Drawing upon latest knowledge, the Ethereum community has incinerated shut to three.46 million ether, translating to a staggering $6.68 billion in worth burned because the...
Bitcoin’s Average Transfer Fee Surged 92% in 4 Days With More Than 330,000 Unconfirmed Transactions within the Backlog
With 13.15 million ordinal inscriptions on the Bitcoin blockchain, demand has continued to maintain community switch charges excessive, as the common charge to transact onchain...
Bitcoin Fees Decrease, But Over 257,000 Pending Transactions Await Confirmation
Although the Bitcoin blockchain’s common transaction charges have decreased since surpassing $30 per switch on May 8, there are nonetheless over 257,000 pending transactions awaiting...
Burning Metrics: Ethereum Burns 3.33 Million Ether Valued at $6.1 Billion in 21 Months
In the previous 21 months following Ethereum’s London arduous fork, the community has witnessed the destruction of over 3.33 million ether, valued at $6.1 billion....
Bitcoin Transaction Backlog Shrinks, however Over 289,000 Still Await Confirmation
Although Bitcoin’s community transaction charges have decreased and a portion of the unconfirmed switch backlog has diminished, the protocol nonetheless grapples with over 289,000 transactions...
Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%
On May 7, 2023, the Bitcoin community was plagued with an amazing 500,000 unconfirmed transactions, inflicting a serious bottleneck within the system. However, the excellent...
A ‘Tremendous Variety of Possible Transaction Types’ — A Look on the Conversation Between Nakamoto and Andresen
The Bitcoin mempool, in any other case often known as the community’s transaction backlog, continues to be clogged with over 390,000 transactions ready to be...
Bitcoin Network Overwhelmed by 390,000 Unconfirmed Transactions and Surging Fees
In slightly below two weeks, the variety of unconfirmed transactions on the Bitcoin community has skyrocketed from 134,000 to over 390,000, inflicting a bottleneck within...