Bitcoin’s fourth halving introduced a long-term and a short-term shift in miner revenue composition as it reduced the amount of BTC rewarded to miners for each mined block by 50% โ directly impacting miner incentives and, by extension, the broader Bitcoin economy. On April 19, just before the halving, transaction fees constituted 11% of total […]
Bitcoin transaction fees surge to make up 75% of miner revenue post-halving Bitcoin transaction fees surge to make up 75% of miner revenue post-halving
Bitcoin's fourth halving drastically shifted miner revenue towards transaction fees, showing a potential future reliance on fees for blockchain sustainability.
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Updated: Apr. 23, 2024 at 12:11 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.