Transaction Batching: Good for Fees, Bad for Privacy

Over the past few weeks, many people have noticed that bitcoin core network fees and transactions times have been a lot better than two months ago when fees reached highs of 1,000 satoshis per byte or $30-40 per transaction. Many people are wondering why these issues have subsided, and some people believe it is due to a practice called ‘transaction batching.’ For about two weeks or so bitcoin core fees have dropped significantly after reaching all-time highs a few weeks prior. Multiple theories are being discussed across the web on why the fees and transaction confirmation times have decreased. Some individuals believe the drop is due to the number of daily transactions, as BTC now appears to be used less. Currently, the amount of transactions per day is over 154,000, but during the last quarter of 2017 daily transactions were between 250,000 to 450,000. Another theory is the adoption of Segregated Witness (Segwit) may have helped, but Segwit use still only represents 15 percent of all BTC transactions. Lastly, another opinion of why BTC is operating smoother is because of a process called ‘transaction batching.’ The subject of transaction batching is a hot topic that is being discussed throughout social media and forums right now.

Reference: https://news.bitcoin.com/transaction-batching-good-for-fees-bad-for-privacy/

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