Nearly $ 450 million BTC transaction fee was less than $ 0.25

This morning, a transaction of 51,511 BTC worth almost $450 million was sent for a fee ofless than $ 0.25.

The transaction was included in block 613 644. At the time of block mining, the price of bitcoin was $ 8680.51, so the transfer amount was equivalent to $ 447 million.

The transaction fee has been set at0.0000268 BTC, or just $ 0.23 - the size of the commission was only 0.00000005% of the transfer amount. According to the Blockstream browser, the size of the commission could be even lower.

“This transaction saved 30% on commissions by upgrading to SegWit and could save 16% more by fully upgrading to SegWit-Bech32.”

Most likely, the owner of the BTC transferred them to himselfand in fact, cryptocurrency did not change hands. Most often, such transfers use the wallet function “send the maximum amount” to transfer bitcoins to a new wallet or account on the exchange.

So far, a similar percentage of commissions andtransfer amounts are available only when moving large volumes of BTC. Although the commission of $ 0.25 cents when transferring $ 100 also gives a good level of 0.25%. However, blockchain commissions still make microtransactions inaccessible, since a similar fee when transferring small amounts makes transactions unprofitable.

At the same time, the Lightning Network can providemuch more significant reduction in fees and make micropayments available subject to the widespread support of LN. Several major industry players are working on the deployment and implementation of the Lightning Network at once, and it is quite possible that low transaction fees will become a reality in the near future.

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