Transaction

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Bitcoin Network Tops 1 Billion In Total Transactions Processed

The Bitcoin network has reached a major milestone, processing its one billionth transaction yesterday, an achievement comes 15 years and 4 months after Bitcoin's genesis block was mined on January 3, 2009.JUST IN: #Bitcoin has officially processed over 1 billion...

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US Government Preparing to Sell 30,000 Silk Road Bitcoin, On-Chain Data Shows

Today, the US government sent a transaction that appears to indicate it may be on the verge of liquidating the remaining Bitcoin it confiscated from the online marketplace Silk Road.According to on-chain data, a 0.001 BTC test transaction, part of...

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How Miners Learned to Stop Worrying and Love the JPEG

This article is featured in Bitcoin Magazine’s “The Inscription Issue”. Click here to get your Annual Bitcoin Magazine Subscription.Click here to download a PDF of this article.Ordinals have been a polarizing phenomenon for most every subcommunity in Bitcoin — except...

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BitGo Rolls Out RBF Integration for Faster Bitcoin Transaction Processing

BitGo, a prominent provider of Bitcoin wallets and custody solutions, has unveiled a new enhancement to its platform with the introduction of Replace-By-Fee (RBF) integration, according to a press release sent to Bitcoin Magazine. This new feature is designed to...

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To Dust You Shall Return

Consider a doomsday scenario. You spend the past couple years diligently dollar cost averaging and withdrawing to your wallet. You have a ton of small UTXO1‘s and bitcoin transaction fees rise so much that your bitcoin turns into dust2. You’re...

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Why Is Bitcoin Censorship Resistant?

One of the central value propositions of Bitcoin is that no matter what happens, if you pay a high enough fee some miner out there in the world will confirm your transaction. In other words, Bitcoin is censorship resistant. There...

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Ocean Adds Block Template Selection Option

OCEAN Mining has released an update to their pool software allowing miners to individually choose between a set of different block templates to mine on. Miners can choose between these three templates at this time: The default OCEAN Knots template,...

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The Witness Discount: Why Some Bytes Are Cheaper Than Others

This year has seen a massive upswing in demand for the limited space available within bitcoin blocks, leading to higher fees for on chain transactions. Much of the demand is for transactions revealing inscriptions. The contents of these inscriptions are...

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DEMAND Launches World’s First Stratum V2 Bitcoin Mining Pool

Bitcoin mining company DEMAND has announced today the world’s inaugural Stratum V2 mining pool, according to a press release sent to Bitcoin Magazine. This pool, built on the open-source Stratum Reference Implementation (SRI), aims to usher in a new era...

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