- For users of Bitcoin, its transaction fees represent an unpredictable cost,
but a known benefit: global 24/7 digital final settlement of a highly liquid
asset. Historically, Bitcoin's transaction fees have been a small part of miners'
revenue relative to "minting" new BTC for the ledger, but long term these
fees may become the primary source of miners' revenue.
- In this Blockware Intelligence Report, we describe:
• Who pays transaction fees and how fee rates are set
• Why high congestion fees are transitory
• How Bitcoin transactors could use fees to route around unreliable miners
Central banks across the world are exploring the possibility of developing their own digital currencies, known as CBDCs. In this whitepaper, the authors make the most comprehensive argument against CBDCs to date: CBDCs will erode the distinction between America and authoritarianism.
Global presence of Bitcoin mining activity. All mining locations detected (n = 6062) are mapped by their unique longitude and latitude coordinates.
Valves are an important tool for flow control in fluid or gas networks. We investigate the possibilities to set up valves on the Lightning Network to improve flow control and reduce expected payment failure rates.