Forbes - Bitcoin's halving went as expected, but record-breaking transaction fees are causing confusion among miners

in blockchain •  last year 

https://www.forbes.com/sites/digital-assets/2024/04/21/bitcoin-halving-triggers-unprecedented-crypto-chaos-as-price-suddenly-surges/
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Bitcoin's supply was cut in half as predicted, but transaction fees skyrocketed to record highs.

This "unprecedented" situation is causing confusion as miners grapple with fees exceeding the newly created bitcoin amount.

While some paid huge fees to have transactions processed first, a new protocol might also be contributing to the congestion.

Beware of Bitcoin halving hype!!

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