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Transaction fees in the bitcoin system work differently from those in conventional payment systems due to the design of … the bitcoin mining algorithm. In particular, transaction fees and transaction volume in the bitcoin system increase … mechanism of fluctuating transaction fees in bitcoin introduces an extra cost of uncertainty to users, a back …
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We use block level data from the Bitcoin blockchain to estimate the impact of congestion and the USD price on average … bitcoin transactions. We find that Segwit has reduced fee revenue by about 80%. Fee revenue could be maximized at a blocksize … current block reward - or the equivalent of 1.6375 BTC as a reward in the long run given current prices and demand for Bitcoin. …
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