How to transfer $1 billion for basically free: Bitcoin whale watching

How to transfer $1 billion for basically free: Bitcoin whale watching

Billionaires, take note. It’s one million times cheaper to send huge sums of money on the Bitcoin (BTC) blockchain.

A Bitcoin user sent over 50,562 BTC ($1 billion) to an address on the blockchain, paying a fee of just 2,513 Satoshis (the smallest denomination of a Bitcoin), equivalent to half a dollar for the pleasure. 

Transaction sankey diagram showing fees, value and time. Source: mempool

The unknown wallet address paid a tiny fraction (less than 0.0001%) of the total value transacted….


Source link

About bitcoin

Check Also

Giant Bitcoin 'Taproot Wizard' NFT Minted in Collaboration With Luxor Mining Pool – CoinDesk

Please note that our privacy policy, terms of use, cookies, and do not sell my …

Leave a Reply

Your email address will not be published. Required fields are marked *