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Nalezeno "L2 fees": 1613

Frogs, Fevers and Fees: Bitcoin’s New Governance Challenge


The creation of Bitcoin-based meme coins using the new BRC-20 standard has driven up Bitcoin fees as they use more data than a basic Bitcoin transaction. But while some developers in the Bitcoin community are proposing a filter to block Bitcoin NFT projects, such censorship could run counter...

BRC20 Token Economy Thrives Amidst Crypto Downturn, Surging 53% in Five Days


Despite the broader crypto-economy experiencing a downward trajectory, dropping 1.59% in the past 24 hours and hovering around $1.11 trillion, the BRC20 token economy has bucked this trend, expanding from $279 million to over $427 million within five days. Impervious to Market Slump, BRC20 Tokens...

Bitcoin Network Starts to Clear Congestion, Onchain Fees Drop by 90%


On May 7, 2023, the Bitcoin network was plagued with an overwhelming 500,000 unconfirmed transactions, causing a major bottleneck in the system. However, the good news is that the congestion has been clearing, resulting in a significant reduction in onchain fees, which have now dropped below $5....

Bitcoin-Based Meme Coin Growth Disrupts Binance, Drives Up Fees


A rapid growth in meme coins issued on the Bitcoin blockchain has caused a surge in transaction fees and disrupted withdrawals from Binance. The growth in Bitcoin transaction fees has in recent days gone parabolic, with the average fee level hitting as high as $19 on Sunday and then $30.9...

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