Name: Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High
Uploaded: 2023-05-05T17:00:55.000Z
Duration: 5 min 15 s
Description: A spike in transactions on the Bitcoin blockchain involving Ethereum-style tokens and non-fungible token (NFT)-like "inscriptions" has driven up congestion on the network, pushing the average fee rate to the highest in nearly two years while showering miners of the cryptocurrency with extra revenue. "The Hash" panel discusses the milestone and its implications for the Bitcoin ecosystem.

CD20$2,064.651.95%BTC$76,753.481.95%ETH$2,115.712.57%XRP$1.361.96%SOL$85.711.61%

Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High | CoinDesk Videos

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CD20$2,064.651.95%BTC$76,753.481.95%ETH$2,115.712.57%XRP$1.361.96%SOL$85.711.61%

Bitcoin’s Activity Pushes Average Transaction Fee to Nearly 2-Year High | CoinDesk Videos