bluewallet/WebsiteApp
bluewallet/WebsiteApp
1
0
Fork 0
Code Issues Pull Requests Actions Packages Projects Releases Wiki Activity

Update Post “2021-04-20-high-fees-and-transactions-pending-what-to-do”

Browse Source
This commit is contained in:
Nuno 2021-04-20 10:24:03 +00:00
parent b7bc43f59d
commit a7885d8258
1 changed files with 1 additions and 1 deletions
Show Stats Download Patch File Download Diff File Expand all files Collapse all files

2
_posts/2021-04-20-high-fees-and-transactions-pending-what-to-do.md
View File

@ -10,7 +10,7 @@ categories: usage, tutorial
</div>
</div>
As could be predicted a more mature fee market started to develop in this cycle, and we are witnessing a natural competition for block space. Think about block space as another very scarce property of the network, where participants are competing to get their transactions in.
As could be [predicted a more mature fee market](https://bluewallet.io/Preparing-for-war-how-was-2019-and-a-glimpse-of-the-future-72637ffe58eb/) started to develop in this cycle, and we are witnessing a natural competition for block space. Think about block space as another very scarce property of the network, where participants are competing to get their transactions in.
As I write this my bitcoin node is rejecting transactions below the 12 sat/vb mark, the network is full, the next block target is 200 sats/vb. Essentially, it is not looking good, so let's take a look from the user perspective on what can be done to mitigate this and save some satoshis at the same time.