1CZZWy54SvcU5aGZ6X8ip9M5wBu8vMhDsf (2130) ·
The most impressive thing imo about the latest world record block on #Bitcoin #BSV was the total fees TAAL received for processing the transactions.
Size: 369MB, Txs: 1,324,314, Fees: 0.94044726 BSV
https://whatsonchain.com/block-height/635141
Replies
1CZZWy54SvcU5aGZ6X8ip9M5wBu8vMhDsf (2130) ·
Considering these are mainly all transactions at 0.25 sat/b they still pulled in 0.94 BSV for this block on top of the block subsidy. If these had been at the standard 0.5 sat/b (280 byte txs average) it would have generated roughly 1.85 BSV in fees.
1J2YHSZqt58AcHsGug4RsqQD2FtqzbBUzo (3795) ·
Yeah I found the fees interesting also! GB blocks and Bitcoin becomes sustainable instead of relying on subsidy.
1CZZWy54SvcU5aGZ6X8ip9M5wBu8vMhDsf (2130) ·
Yep. We know it can handle it now by looking at the STN. We just need usage to increase now to generate those txs on main-net. EHR & other enterprises will help massively with this. And hopefully Twetch & other apps take off. Memento looks interesting too.
1J2YHSZqt58AcHsGug4RsqQD2FtqzbBUzo (3795) ·
There’s loads I can think of that haven’t kicked off yet.