Both BTC and ETH Median Transaction Fees Have Exploded Since the Halving
The halving has caused the transaction fees on both the Bitcoin and the Ethereum network to increase significantly, with Bitcoin recording a growth of 800% in the past 3 months. However, median transaction fees on other major networks, such as Bitcoin Cash, Bitcoin SV, XRP, and Litecoin have remained relatively flat during the same period. BTC and ETH Transaction Fees Continue to Climb The block reward halving is one of the most monumental events in the Bitcoin ecosystem, with its consequences being debated for months before and after it happens. And while its effects on Bitcoin have been heavily discussed this month, focusing too closely on Bitcoin fails to provide a bigger picture—that the halving has affected Ethereum, too. According to the latest report from CoinMetrics, the transaction fees on both the Bitcoin and the Ethereum network have skyrocketed after the halving. This came as a surprise as most other metrics on the network, illustrated in the chart below, have remained relatively flat. Table showing the 7-day average metrics for the top 5 cryptocurrencies. (Source: CoinMetrics) Bitcoin and Ethereum See Median Fee Increases of 800% and 250% On May 14th, two days after the halving, the median transaction fee on the Bitcoin network reached $2.88, the highest it has been since June 2019, CoinMetrics found. Data from Bitinfocharts showed that the average transaction fee on the same day reached as high as $5.1. Ethereum also recorded the highest median translation fee since August 2018 on May 14, reaching $0.25. According to Bitinfocharts, the average transaction fee that day increased 30% in 24 hours and hit $0.55 at one point. This was most likely a result of both networks having relatively full blocks, the report found, adding that other high-market cap cryptocurrencies such as Bitcoin Cash (BCH), Bitcoin SV (BSV), XRP, and Litecoin (LTC) did not record any meaningful increases in transaction fees. With block rewards cut to half, the transaction fee was expected to soar as miners suddenly start earning half the revenue from block rewards. Currently, their revenue from fees is a very small percentage of that of block rewards. Ethereum’s fees increase can also be attributed to the increase in the activity of stablecoins, many of which are ERC20 tokens.
Coin Metrics: халвинги Bitcoin Cash и Bitcoin SV не дали ответа о том, как поведет себя биткоин после 13 мая
О халвинге биткоина говорят в последнее время практически все эксперты, ведь ключевое событие года в сети ведущей криптовалюты во многом определит биткоин-рынок и изменит майнинг-индустрию. Аналитики Coin Metrics обратили внимание на состоявшиеся в начале апреля халвинги двух форков биткоина в контексте предстоящего уполовинения в сети BTC. Хешрейты Bitcoin Cash и Bitcoin SV резко снизились после халвингов (минус более 70%). К середине апреля показатели хешрейта BCH и BSV восстановились, однако находятся ниже средних значений нынешнего года. Это значит, что увеличилось примерно вдвое количество необходимых подтверждений об успешном прохождении транзакций. В 2016 году, после второго биткоин-халвинга, хешрейт ведущей криптовалюты не падал так сильно, хотя локальное снижение все же было замечено, пишут исследователи. В результате халвингов BCH и BSV снизилась эмиссия монет. Однако форки биткоина и сам биткоин имеют разный механизм перерасчета сложности. В Coin Metrics приходят к выводу, что после халвингов форки биткоина не показали ни аномального роста , ни падения цены. Как поведет себя биткоин после предстоящего халвинга предсказать невозможно, заключают аналитики.
Pronóstico de Bitcoin De hecho, según la compañía de análisis de blockchain Coin Metrics, el valor de todas las monedas estables en dólares estadounidenses (USDT, Binance USD, USD monedas, etc.) está a punto de superar los $ 8 mil millones
12-12 11:04 - 'You're speaking of other coins now. Other coins can be used very quickly. Try dash. It has instant send. Or digibyte which confirms in seconds. / Market caps for digital coins are terrible metrics. Some garbage with bar...' by /u/jenny82ishere removed from /r/Bitcoin within 586-596min
''' You're speaking of other coins now. Other coins can be used very quickly. Try dash. It has instant send. Or digibyte which confirms in seconds. Market caps for digital coins are terrible metrics. Some garbage with barely any volume or on chain activitiy can have an outsized market cap just because they issued billions of tokens. ''' Context Link Go1dfish undelete link unreddit undelete link Author: jenny82ishere
For definitions of metrics, please see our new tools page! In addition to our data dictionary, this page also includes an assets-by-metrics matrix that lets you know which metrics are available for each asset. Hash rate units The number of bitcoin addresses holding at least $10-worth of cryptocurrency recently rose to a record high of 16.6 million, according to data source Coin Metrics; That number is now up 14% from ... Bitcoin is the first decentralized cryptocoin ever built on top of a blockchain. It was created by an anonymous person or group of people with the nickname Satoshi Nakamoto in 2009 as an open source project. A good case of the lost coin is when 79,956 Bitcoin was stolen from Mt. Gox exchange, and the assets now rest in the sixth wealthiest Bitcoin address. Through the lost coins studied, the researchers of Coin Metrics established three accustomed views of the BTC protocol’s supply. The first view tallies the provably lost coins. This page has been deprecated. Our new updated, more powerful version of correlation charts is located here: Correlation Charts – please update your links.
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