Tags: transaction fee

The Devonomics initiative from the Starknet Foundation aims to return a portion of network fees to incentivize developers.

A mempool developer suggested that the user behind the transfer might not be aware of the non-cancellation of replacement fees policy, resulting in an accidental $3.1 million transaction fee.

Bitcoin transaction fees have soared above Ethereum’s amid a renewed appetite for Ordinals-inscribed assets.

Bitcoin Miner Returns 19.8 BTC in Fees After Paxos Claims Payment Mistake

Chun’s reservations about whether to return the funds to Paxos stems from him being “annoyed” that “the person claiming it (the funds) kept saying EST instead of EDT/UTC.”

Ethereum Transaction Fees Fall To Levels Not Seen Since Late 2022

Despite a surge in Ether gas prices in May, NFT marketplaces only accounted for 3 of the entire Ethereum gas consumption.

The hype around Bitcoin Ordinals and BRC-20 tokens is unsustainable and will fade away in a matter of months, according to JAN3 CEO Samson Mow.

Proceeds come from base fees and surplus revenue generated from network transactions. The incentive follows a recent clash between Arbitrum‘s team and its community.

Bitcoin transactions and fees are at high levels, and 400,000 of them are still unconfirmed on the blockchain.

Litecoin sticker (Nikhilesh De/CoinDesk)

A user spent an additional 76 of their total purchase price in gas fees on a single memecoin trade.

(Danny Nelson/CoinDesk)

Concerns circulated on Crypto Twitter of a denial of service (DoS) attack on the Bitcoin network.

Despite the latest spike in Bitcoin transaction fees, the current BTC transaction cost is still far from the all-time high levels.

They may have seen some hard times, but overall, estimates conclude that Bitcoin miners are up 37 from their activities.

Ethereum proponents celebrated the growth in daily revenue, while many others pointed toward network congestion and difficulty in usage.