The most profitable bitcoin transfer was donesteemCreated with Sketch.

in ryptocurrency •  6 years ago  (edited)

The development of scaling solutions has allowed Bitcoin transaction fees to fall below $ 1 with a decrease in transaction volumes. A Bitcoin whale carried 48,000 BTC to just 4 cents the night before.

Bitcoin transaction fees were available to everyone in December 2017 when the network confirmed approximately 400,000 transactions per day and the fees were scrambled for $ 50. Since then, transactions that have been confirmed on a daily basis have fallen to half of the world by 200,000.

This regression allowed Bitcoin's memory pool to be cleaned up after the network was heavily clogged in the second half of 2017. According to the data collected by Blockchain, the average number of transactions waiting for confirmation decreased by more than 95 percent from 100,000 to 5000.
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Meanwhile, a whale whose identity could not be identified clearly showed to Bitcoin the size of the scaling solutions. The night before, a $ 290 million Bitcoin was transferred from a Bitcoin wallet, which cost only 0.00000675 BTC, or about 4 cents.

It was a surprise that a user with such a large amount of crypto money paid less than the rate offered by Blockzain of 5 satoshi per byte.

A Twitter user approached the subject like this:

"Are you able to imagine carrying 300 million dollars to 4 cents using the traditional banking system? No, you can not "
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I could wonder

:)

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